Is BlueLinx Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for BlueLinx Holdings, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears to be overvalued based on its P/E ratio of 15, which is significantly lower than the peer average of 25.45, and an EV to EBITDA ratio of 3.90, which is also less favorable compared to peers like AerSale Corp. with an EV to EBITDA of 15.86. Additionally, the Price to Book Value stands at 0.85, suggesting that the market may not be fully recognizing the company's asset value.
In comparison to its peers, CrossAmerica Partners LP has a P/E ratio of 8.77, highlighting the relative overvaluation of BlueLinx. The recent stock performance shows that BlueLinx has underperformed against the S&P 500, with a year-to-date return of -31.33% compared to the index's 13.30%, reinforcing the notion of overvaluation. Overall, the combination of these metrics suggests that BlueLinx Holdings, Inc. is currently overvalued.