Is Clear Secure, Inc. overvalued or undervalued?

As of 23 April 2025, the valuation grade for Clear Secure, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a P/E ratio of 15, which is slightly above the peer average of 14.04. Additionally, the EV to EBITDA ratio stands at 18.05, while the PEG ratio is notably low at 0.11, suggesting that the stock may not be fully reflecting its growth potential.
In comparison to its peers, Clearwater Analytics Holdings, Inc. shows a more attractive P/E ratio of 12.55, while Agilysys, Inc. is categorized as very expensive with a P/E of 156.26. Despite Clear Secure's recent stock performance, which has outpaced the S&P 500 over the past year with a return of 40.21% compared to 10.26%, its current valuation metrics indicate that it is fairly valued in the market context.