Is Ingles Markets, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Ingles Markets, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current metrics, with a P/E ratio of 18, a Price to Book Value of 0.72, and an EV to EBITDA of 6.51. In comparison, peers such as Sprouts Farmers Market, Inc. have a P/E of 27.62, while Weis Markets, Inc. shows a fair valuation with a P/E of 20.99.
Despite recent strong performance, with a 1-week return of 4.69% compared to the S&P 500's 1.70%, and a year-to-date return of 14.06% against the S&P 500's 13.30%, the overall valuation metrics suggest that Ingles Markets, Inc. is not justified at its current price level.