Is Boyd Gaming Corp. overvalued or undervalued?

As of 6 May 2025, Boyd Gaming Corp. has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued based on its financial metrics. Key ratios include a P/E ratio of 10, an EV to EBITDA of 7.63, and a ROE of 42.69%.
In comparison to peers, Boyd Gaming Corp. has a lower P/E ratio than Wynn Resorts Ltd., which stands at 20.48, and a more favorable EV to EBITDA than MGM Resorts International at 5.50. Boyd's strong performance is further highlighted by a remarkable dividend yield of 114.44% and a robust ROCE of 20.23%. Additionally, Boyd Gaming Corp. has outperformed the S&P 500 over the past year, with a stock return of 43.04% compared to the index's 10.26%.