Is Corpay, Inc. overvalued or undervalued?

As of 13 June 2025, Corpay, Inc. has moved from a fair to an attractive valuation grade. The company is currently considered undervalued, with a P/E ratio of 35, an EV to EBITDA of 19.64, and a ROE of 32.27%. In comparison, Visa, Inc. has a P/E of 33.34 and an EV to EBITDA of 26.33, while PayPal Holdings, Inc. stands out with a very attractive valuation, featuring a much lower P/E of 16.85 and an EV to EBITDA of 11.45.
Despite a recent underperformance relative to the S&P 500, with a year-to-date return of -4.90% compared to the index's 2.44%, Corpay's strong financial metrics suggest it is positioned well for future growth. The current valuation reflects an opportunity for investors, especially when considering its high ROCE of 25.33% and favorable PEG ratio of 2.80 compared to its peers.