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. The P/E ratio stands at 36, which is slightly higher than the peer average of approximately 34.92, while the EV to EBITDA ratio of 13.45 is competitive compared to peers like Whirlpool Corp. at 14.17. Additionally, the PEG ratio of 1.96 suggests that the stock is reasonably priced relative to its growth expectations.
In terms of performance, IMAX Corp. has outperformed the S&P 500 across multiple periods, with a year-to-date return of 34.69% compared to the S&P 500's 14.40%, and a one-year return of 39.48% versus 12.65% for the index. This strong performance reinforces the narrative that IMAX Corp. is fairly valued in the current market environment.