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

As of 21 November 2025, the valuation grade for Knight-Swift Transportation Holdings, Inc. has 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 peers such as J.B. Hunt Transport Services, Inc. with a P/E of 40.85 and Saia, Inc. at 28.76. Additionally, the EV to EBITDA ratio is 8.41, which is also higher than the industry average, indicating potential overvaluation.
In terms of peer comparisons, Knight-Swift's PEG ratio of 4.39 is notably higher than that of Schneider National, Inc. at 4.12, suggesting that Knight-Swift may not be offering sufficient growth relative to its price. The company's return performance has been underwhelming, with a year-to-date return of -16.72% compared to the S&P 500's positive return of 12.26%, reinforcing the notion that the stock may be overvalued in its current state.