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 fairly valued based on its current metrics, with a P/E ratio of 88, an EV to EBITDA of 9.20, and a Price to Book Value of 1.05. In comparison to peers, Bowlero Corp. has a P/E of -13.90 and an EV to EBITDA of 10.31, while Marcus Corp. shows a more attractive P/E of 21.71 and an EV to EBITDA of 4.76. Despite the recent downgrade in valuation, Canterbury Park's stock has underperformed relative to the S&P 500 across multiple time frames, notably with a year-to-date return of -18.83% compared to the S&P 500's 13.31%. This trend reinforces the notion that the stock is currently fairly valued, as it struggles to keep pace with broader market returns.