Is BlueLinx Holdings, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for BlueLinx Holdings, Inc. has moved from very expensive to fair. The company appears to be fairly valued based on its current metrics, particularly with a P/E ratio of 15, a Price to Book Value of 0.85, and an EV to EBITDA of 3.90. In comparison, peers such as CrossAmerica Partners LP have a P/E of 8.77, while AerSale Corp. shows a significantly higher P/E of 63.13, indicating that BlueLinx is positioned more favorably within its industry.
Despite the recent improvement in valuation, BlueLinx has faced challenges, as evidenced by its year-to-date return of -38.93%, contrasting sharply with the S&P 500's 16.45% return over the same period. This disparity highlights potential concerns regarding the company's performance relative to broader market trends.