Is J.B. Hunt Transport Services, Inc. overvalued or undervalued?

As of 11 August 2025, the valuation grade for J.B. Hunt Transport Services, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently considered overvalued, with a P/E ratio of 40, a price to book value of 5.83, and an EV to EBITDA ratio of 15.16. In comparison, Saia, Inc. also has an expensive valuation with a P/E of 28.76, while Knight-Swift Transportation Holdings, Inc. is fairly valued with a higher P/E of 45.62.
The stock has underperformed against the S&P 500, with a year-to-date return of -20.86% compared to the index's 12.22%, and a three-year return of -18.87% versus 70.41% for the S&P 500. This underperformance reinforces the notion that J.B. Hunt is currently overvalued in the market.