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

As of 7 November 2025, the valuation grade for Knight-Swift Transportation Holdings, Inc. moved from very 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 is 8.41, compared to the peer average of 8.11. Additionally, the PEG ratio is 4.39, indicating that the stock may not be justified at its current price given its growth prospects.
In comparison to its peers, J.B. Hunt Transport Services, Inc. has a P/E ratio of 40.85, and Saia, Inc. has a P/E of 28.76, both suggesting that Knight-Swift's valuation is on the higher end. Furthermore, the company's recent stock performance has been underwhelming, with a year-to-date return of -12.67% compared to the S&P 500's 14.40%, highlighting the disparity in performance and reinforcing the notion that the stock may be overvalued.