Is Knight-Swift Transportation Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Knight-Swift Transportation Holdings, Inc. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 54, an EV to EBITDA of 8.41, and a PEG ratio of 4.39, which suggest that while the company is generating revenue, its valuation may be stretched compared to its earnings growth potential.
In comparison with peers, Knight-Swift's P/E ratio of 54 is higher than J.B. Hunt Transport Services, Inc. at 40.85 and Landstar System, Inc. at 50.79, indicating a premium valuation. The company has underperformed against the S&P 500 on a year-to-date basis, with a return of -11.31% compared to the index's 13.30%, which reinforces the notion that it may be fairly valued in the current market context.