Is Hilton Worldwide Holdings, Inc. overvalued or undervalued?

As of 24 July 2019, the valuation grade for Hilton Worldwide Holdings, Inc. moved from expensive to risky, indicating a shift in perception regarding its market value. The company appears overvalued, given its high P/E ratio of 44, an EV to EBITDA of 28.77, and a PEG ratio of 1.00. In comparison, peers such as Royal Caribbean Group have a more reasonable P/E of 27.42 and an EV to EBITDA of 19.94, while Marriott International, Inc. also shows a risky valuation with a P/E of 28.88.
In terms of recent performance, Hilton's stock has underperformed against the S&P 500 over the past week and month, with returns of -4.28% and -1.06%, respectively, while it has outperformed over the longer term, with a 3-year return of 103.59% compared to the S&P 500's 70.41%. This mixed performance further supports the conclusion that Hilton is currently overvalued in the market.