Is Canterbury Park Holding Corp. overvalued or undervalued?

As of 19 September 2025, the valuation grade for Canterbury Park Holding Corp. has moved from attractive to fair. The company appears to be overvalued based on its high P/E ratio of 88, compared to peers like Marcus Corp. with a P/E of 21.71 and Golden Entertainment, Inc. at 37.80. Additionally, the EV to EBITDA ratio of 9.20 is relatively high when compared to the industry, suggesting that the stock may not be a good buy at current levels. In terms of performance, Canterbury Park has underperformed against the S&P 500 across multiple time frames, with a year-to-date return of -20.44% compared to the S&P 500's 13.31%. This trend continues over three years, where the company's return of -30.00% starkly contrasts with the S&P 500's impressive 70.89%. Overall, the combination of high valuation ratios and poor stock performance indicates that Canterbury Park Holding Corp. is overvalued.