Is BlueLinx Holdings, Inc. overvalued or undervalued?

As of 21 November 2025, BlueLinx Holdings, Inc. has moved from a fair to a very expensive valuation grade. The company appears overvalued based on its current metrics, with a P/E ratio of 15, an EV to EBITDA of 3.90, and a Price to Book Value of 0.85. In comparison, its peers show significant discrepancies; for instance, CrossAmerica Partners LP has a P/E of 8.77, while AerSale Corp. boasts a much higher P/E of 63.13, indicating that BlueLinx's valuation is not justified relative to its industry.
The company's stock has underperformed against the S&P 500 over multiple periods, with a year-to-date return of -43.67% compared to the S&P 500's 12.26%, and a one-year return of -53.35% against the index's 11.00%. This stark contrast further reinforces the conclusion that BlueLinx Holdings, Inc. is overvalued in the current market environment.