Is CBIZ, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for CBIZ, Inc. has moved from attractive to expensive, indicating a shift in perception regarding its market value. The company appears to be overvalued, given its high P/E ratio of 78, a Price to Book Value of 5.31, and an EV to EBITDA of 39.67. In comparison, peers such as Grand Canyon Education, Inc. have a more reasonable P/E of 33.38, while Shift4 Payments, Inc. shows a significantly lower P/E of 14.01, highlighting the premium at which CBIZ is trading.
In terms of performance, CBIZ has underperformed relative to the S&P 500, with a year-to-date return of -37.35% compared to the S&P 500's positive return of 13.30%. This trend is further reflected in the one-year return of -23.88% for CBIZ against the S&P 500's 14.08%, reinforcing the notion that the stock may be overvalued in the current market environment.