Is Malibu Boats, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Malibu Boats, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently considered overvalued, particularly given its P/E ratio is not applicable due to losses, while its Price to Book Value stands at 1.18, and the EV to EBITDA ratio is 16.34. Additionally, the EV to Sales ratio of 0.78 suggests that the company is not generating sufficient sales relative to its enterprise value.
In comparison to peers, Malibu Boats, Inc. has a significantly high P/E ratio of 41.72, which is notably elevated compared to industry standards. This suggests that investors are paying a premium for the stock relative to its earnings potential. The company's recent stock performance has been poor, with a year-to-date return of -19.53%, significantly underperforming the S&P 500's gain of 13.30% in the same period, further reinforcing the notion of overvaluation.