Is Idaho Strategic Resources, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for Idaho Strategic Resources, Inc. moved from expensive to very expensive. The company appears overvalued based on its current metrics. Key ratios include a P/E ratio of 23, an EV to EBITDA of 18.61, and a Price to Book Value of 4.79, which are significantly higher than its peers, such as Caledonia Mining Corp. Plc with a P/E of 12.21 and an EV to EBITDA of 6.03.
In comparison to the S&P 500, Idaho Strategic Resources has delivered impressive returns, with a year-to-date return of 289.50% versus the S&P 500's 16.45%. However, despite these strong performance figures, the high valuation ratios suggest that the stock may not be a sound investment at its current price.