Is Canterbury Park Holding Corp. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Canterbury Park Holding Corp. has moved from fair to attractive, indicating a more favorable assessment of its stock. The company appears to be undervalued, particularly when considering its valuation ratios such as a P/E ratio of 88, an EV to EBITDA of 9.20, and a Price to Book Value of 1.05. In comparison, peers like Golden Entertainment, Inc. have a P/E of 37.80, while Marcus Corp. shows a more attractive P/E of 21.71, reinforcing the relative value of Canterbury Park. Despite its attractive valuation, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -18.73% compared to the S&P 500's 12.22%. This underperformance over the past year and three years, where it returned -7.80% and -30.38% respectively, suggests that while the stock may be undervalued, market sentiment has not yet reflected this potential.