Is Boot Barn Holdings, Inc. overvalued or undervalued?

As of 16 May 2025, Boot Barn Holdings, Inc. has moved from an attractive to a fair valuation grade. The company is currently fairly valued based on its financial ratios, with a P/E ratio of 28, a Price to Book Value of 4.48, and an EV to EBITDA of 16.79. In comparison to its peers, Urban Outfitters, Inc. has a significantly lower P/E ratio of 13.88, while Carter's, Inc. shows an even more attractive P/E of 6.07, indicating that Boot Barn may be priced higher relative to its industry counterparts.
The company's return metrics also reflect its performance, with a 1-year stock return of 21.86%, outperforming the S&P 500's 10.26% over the same period. However, the valuation appears to be in line with its peers, suggesting that while it is not undervalued, it may not present a compelling investment opportunity at this time.