Is Lyft, Inc. overvalued or undervalued?

As of 8 May 2025, Lyft, Inc. has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 65, a Price to Book Value of 7.79, and an EV to EBITDA ratio of 38.89. Notably, its PEG ratio stands at a low 0.25, indicating potential growth relative to its valuation.
In comparison to peers, Lyft's P/E of 62.13 is significantly lower than that of Grab Holdings Ltd., which has a P/E of 374.34, while Performance Food Group Co. shows a much lower P/E of 30.71. Despite the recent stock performance showing a YTD return of 15.89% compared to the S&P 500's 2.44%, Lyft's long-term performance has lagged, highlighting the volatility and challenges it faces in the market.