Is Clear Secure, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Clear Secure, Inc. has moved from very expensive to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, particularly given its P/E ratio of 15, which is significantly lower than its peer Clearwater Analytics Holdings, Inc. with a P/E of 12.49, and its EV to EBITDA ratio of 18.05, which is more favorable compared to Agilysys, Inc. at 121.98. Additionally, the PEG ratio of 0.11 suggests that the stock is priced attractively relative to its growth potential.
In terms of performance, Clear Secure, Inc. has shown a 17.42% year-to-date return, outperforming the S&P 500's 13.30% return in the same period, although it has struggled over the longer term with a -16.21% return over the past year compared to the S&P's 14.08%. This mixed performance, combined with its attractive valuation ratios, supports the conclusion that Clear Secure, Inc. is currently undervalued in the market.