Is Malibu Boats, Inc. overvalued or undervalued?

As of 28 August 2025, the valuation grade for Malibu Boats, Inc. has moved from risky to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its financial metrics, with a Price to Book Value of 1.18, an EV to EBITDA ratio of 16.34, and a concerning EV to EBIT of -595.79. Compared to peers, Malibu Boats has a significantly high P/E ratio of 41.72, which further supports the notion of overvaluation.
In terms of peer comparison, Malibu Boats is notably more expensive than its industry counterparts, which typically exhibit lower valuation multiples. The company's recent stock performance has also lagged behind the S&P 500, with a year-to-date return of -11.20% compared to the index's 12.22%. This trend, alongside the valuation metrics, reinforces the conclusion that Malibu Boats, Inc. is overvalued.