Is Bowman Consulting Group Ltd. overvalued or undervalued?

As of 12 June 2025, Bowman Consulting Group Ltd. has moved from an attractive to an expensive valuation grade. The company is currently considered overvalued. Key ratios include a P/E ratio of 204, an EV to EBITDA of 20.78, and a Price to Book Value of 2.15, all of which are significantly higher than industry norms.
In comparison to peers, Argan, Inc. has a P/E ratio of 28.81 and an EV to EBITDA of 21.40, while Great Lakes Dredge & Dock Corp. shows a P/E of 11.30 and an EV to EBITDA of 7.49, indicating that Bowman is trading at a premium compared to these companies. Notably, the company's recent stock performance has outpaced the S&P 500 over the past month, returning 11.67% compared to the index's 3.83%, but this does not mitigate the overvaluation indicated by its high ratios.