Is Flanigan's Enterprises, Inc. overvalued or undervalued?

As of 5 December 2022, Flanigan's Enterprises, Inc. has moved from an expensive to a very expensive valuation grade, indicating that it is overvalued. The company's current P/E ratio stands at 23, which is significantly higher than its peer, Biglari Holdings, Inc., with a P/E of -14.29, and Nathan's Famous, Inc., which has a P/E of 42.68. Additionally, the EV to EBITDA ratio for Flanigan's is 9.61, compared to Potbelly Corp.'s more attractive ratio of 9.45, further highlighting its overvaluation.
With a PEG ratio of 1.82 and a dividend yield of only 0.67%, Flanigan's appears to be less appealing compared to its peers. The company's return over the past year has been 11.23%, slightly outperforming the S&P 500's return of 10.26%, but this does not mitigate its overvaluation status. Overall, Flanigan's Enterprises, Inc. is considered overvalued based on its current financial metrics and peer comparisons.