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 shift towards a more favorable assessment. The company appears to be undervalued based on its current metrics, particularly with a P/E ratio of 15, a PEG ratio of 0.11, and an EV to EBITDA ratio of 18.05. In comparison to peers, Clearwater Analytics Holdings, Inc. has a P/E of 12.49, while ePlus, Inc. shows an EV to EBITDA of 10.09, suggesting that Clear Secure, Inc. is positioned competitively within its industry.
Despite a recent decline in stock performance over the past year, where it returned -16.21% compared to the S&P 500's 14.08%, the company's strong ROE of 199.24% and attractive valuation ratios suggest potential for recovery and growth. Overall, Clear Secure, Inc. presents an appealing investment opportunity given its attractive valuation relative to its peers.