Is Freshpet, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Freshpet, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is considered overvalued based on its high P/E ratio of 120, an EV to EBITDA of 36.23, and a Price to Book Value of 3.74. In comparison, peers such as The J. M. Smucker Co. have a P/E of 23.79, while Ingredion, Inc. boasts a much lower P/E of 12.88, highlighting Freshpet's elevated valuation relative to its industry.
The stock has significantly underperformed against the S&P 500, with a year-to-date return of -65.37% compared to the index's 13.30%. This stark contrast in performance further reinforces the notion that Freshpet, Inc. is currently overvalued in the market.