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

As of 17 October 2025, the valuation grade for Knight-Swift Transportation Holdings, Inc. moved from attractive to fair. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 54, significantly higher than the peer average of approximately 45.62, while the EV to EBITDA ratio of 8.41 is also above the industry norm, indicating a premium valuation relative to its earnings potential. Additionally, the PEG ratio of 4.39 suggests that the stock is priced for growth that may not materialize.
In comparison to its peers, J.B. Hunt Transport Services, Inc. has a P/E of 40.85, and Landstar System, Inc. shows a P/E of 50.79, both of which are lower than Knight-Swift's valuation. The company’s recent stock performance has been mixed; while it outperformed the S&P 500 in the short term with a 1-week return of 11.02% versus 1.70%, it has underperformed over longer periods, such as a year-to-date return of -11.31% compared to the S&P 500's 13.30%. This trend reinforces the view that Knight-Swift may be overvalued in the current market.