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 significant shift in its perceived value. The company appears overvalued based on its current metrics, with a P/E ratio of 15, which is considerably lower than its peer average of 25.45, and an EV to EBITDA ratio of 3.90 compared to the peer average of 6.35. Additionally, the Price to Book Value stands at 0.85, suggesting that the stock is trading below its book value, but this is overshadowed by the overall high valuation grade.
In comparison to its peers, CrossAmerica Partners LP has a P/E ratio of 8.77, while AerSale Corp. has a much higher P/E of 63.13, reflecting a wide disparity in market valuations within the industry. Furthermore, 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 that the stock may be overvalued at its current price.