Is Canterbury Park Holding Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Canterbury Park Holding Corp. has moved from attractive to fair. The company appears to be overvalued given its high P/E ratio of 88 compared to its peers, such as Marcus Corp. at 21.71 and Golden Entertainment, Inc. at 37.80. Additionally, the EV to EBITDA ratio stands at 9.20, which is higher than the industry average, indicating a premium valuation.
In terms of performance, Canterbury Park has underperformed relative to the S&P 500, with a year-to-date return of -19.66% compared to the index's 13.30%. This trend is further reflected in the one-year return of -15.41% versus the S&P 500's 14.08%. Overall, the combination of high valuation ratios and poor stock performance suggests that Canterbury Park Holding Corp. is overvalued in the current market.