Is Camping World Holdings, Inc. overvalued or undervalued?

As of 1 May 2024, Camping World Holdings, Inc. has moved from a valuation grade of very attractive to risky. The company is currently considered overvalued, particularly given its significant losses reflected in a P/E ratio of -43.65 and a negative ROE of -14.28%. The price-to-book value stands at 6.15, while the EV to EBITDA ratio is 18.05, indicating a premium valuation compared to its earnings potential.
In comparison to peers, Rush Enterprises, Inc. has a fair valuation with a P/E of 13.16 and an EV to EBITDA of 7.52, while PriceSmart, Inc. also maintains a fair valuation with a P/E of 23.21 and an EV to EBITDA of 10.11. These comparisons highlight that Camping World is trading at a higher valuation despite its financial struggles. Additionally, the company has underperformed the S&P 500 over various time frames, including a year-to-date decline of 13.52% compared to a 2.44% gain for the index, reinforcing the notion of overvaluation.