Is Idaho Strategic Resources, Inc. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Idaho Strategic Resources, Inc. has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company appears overvalued, particularly when considering its P/E ratio of 23, which is substantially higher than the peer average of 12.21 for Caledonia Mining Corp. Plc, and its EV to EBITDA ratio of 18.61, which is also elevated compared to Gatos Silver, Inc.'s 29.51. Additionally, the PEG ratio stands at a remarkably low 0.18, suggesting that despite high growth expectations, the current price may not be justified.
In terms of performance, Idaho Strategic Resources has delivered impressive returns, with a year-to-date return of 186.26%, significantly outperforming the S&P 500's 12.22% during the same period. However, the stark contrast between its valuation ratios and those of its peers, alongside the recent grade change, reinforces the conclusion that the stock is currently overvalued.