Is CBIZ, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for CBIZ, Inc. moved from very expensive to expensive, indicating a slight improvement in its valuation outlook. However, the company remains overvalued based on its current metrics. The P/E ratio stands at 78, significantly higher than its peers, such as Grand Canyon Education, Inc. with a P/E of 33.38, and Shift4 Payments, Inc. at 14.01. Additionally, CBIZ's EV to EBITDA ratio is 39.67, compared to the industry average, which suggests that it is trading at a premium relative to its earnings potential.
In terms of returns, CBIZ has underperformed against the S&P 500 over the past year, with a stock return of -20.21% compared to the index's 19.89%. This trend is further highlighted by a year-to-date return of -32.79% versus the S&P 500's 16.30%, reinforcing the notion that the stock may be overvalued in the current market environment.