Is Dutch Bros, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Dutch Bros, Inc. has moved from fair to very expensive. The company appears overvalued based on its high valuation ratios, including a P/E ratio of 163, an EV to EBITDA of 63.13, and a PEG ratio of 5.25. In comparison to peers, Dutch Bros has a significantly higher P/E ratio than Balchem Corp. at 36.79 and Sensient Technologies Corp. at 45.73, indicating a premium valuation that may not be justified by its growth prospects.
Despite a strong one-year stock return of 68.22% compared to the S&P 500's 17.14%, the current valuation metrics suggest that the stock is priced excessively high relative to its earnings and growth potential. Overall, the combination of these factors leads to the conclusion that Dutch Bros, Inc. is overvalued.