Is CBIZ, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for CBIZ, Inc. has moved from very expensive to expensive, indicating a slight improvement in perceived value. However, the company remains overvalued based on its high valuation ratios, including a 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 attractive P/E of 33.38 and EV to EBITDA of 23.11, while Shift4 Payments, Inc. shows a fair P/E of 14.00 and EV to EBITDA of 12.20.
Despite a recent one-week stock return of 3.21% compared to the S&P 500's 0.71%, CBIZ, Inc. has significantly underperformed over longer periods, with a year-to-date return of -32.79% versus the S&P 500's 16.30% and a one-year return of -20.21% compared to 19.89%. This extended underperformance reinforces the view that CBIZ, Inc. is overvalued relative to its peers and the broader market.