Is Canterbury Park Holding Corp. overvalued or undervalued?

As of 27 June 2025, the valuation grade for Canterbury Park Holding Corp. has moved from expensive to attractive, indicating a significant shift in its market perception. The company appears to be undervalued, with a current P/E ratio of 88, which is notably higher than its peers such as Accel Entertainment, Inc. at 22.72 and Golden Entertainment, Inc. at 42.33. Additionally, the EV to EBITDA ratio stands at 9.20, which is competitive compared to AMC Entertainment's 19.97, suggesting that Canterbury Park may offer better value relative to its earnings potential. Despite the high P/E ratio, the company boasts a remarkable dividend yield of 157.07% and a low return on equity (ROE) of 0.97%, which may raise concerns about profitability. However, the low EV to Sales ratio of 1.11 further supports the argument that the stock is undervalued. In the context of recent performance, Canterbury Park's stock has underperformed against the S&P 500 over the past year, which could present a buying opportunity for investors looking for value in the current market.