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 valuation outlook. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 15, which is notably lower than its peer average of approximately 25.45, and an EV to EBITDA ratio of 3.90 compared to peers like AerSale Corp. at 15.86. Additionally, the Price to Book Value stands at 0.85, suggesting that the stock is trading below its book value.
In comparison to its peers, CrossAmerica Partners LP has a P/E ratio of 8.77, which further emphasizes BlueLinx's overvaluation. The recent stock performance has also been underwhelming, with a year-to-date return of -31.33% compared to the S&P 500's 13.30%, and a one-year return of -36.15% against the S&P 500's 14.08%. This trend reinforces the notion that BlueLinx Holdings, Inc. is currently overvalued in the market.