Is IMAX Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for IMAX Corp. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 36, an EV to EBITDA of 13.45, and a PEG ratio of 1.96. In comparison, peers such as Whirlpool Corp. have a P/E of 37.42 and an EV to EBITDA of 14.17, while Roku, Inc. shows a significantly negative P/E, indicating its risky valuation.
IMAX Corp. has demonstrated strong performance against the S&P 500, with a year-to-date return of 34.69% compared to the benchmark's 14.40%, and a three-year return of 150.22% versus 76.76% for the S&P 500. This performance reinforces the notion that the stock is fairly valued in light of its recent returns.