Is MarineMax, Inc. overvalued or undervalued?

As of 24 July 2025, the valuation grade for MarineMax, Inc. has moved from attractive to risky, indicating a shift in perception regarding its investment potential. Based on the current metrics, the company appears to be overvalued. Key ratios include a P/E ratio of 19, an EV to EBITDA of 9.85, and a Price to Book Value of 0.64, which suggest that the stock may not be justified at its current price given the performance of its peers.
In comparison to its peers, MarineMax, Inc. has a significantly higher P/E ratio than The ODP Corp., which stands at 14.06, and Monro, Inc. at 23.95, both of which are considered fair or risky, respectively. This disparity highlights the potential overvaluation of MarineMax. Additionally, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -10.26% compared to the index's 12.22%, and a one-year return of -27.31% versus 17.14% for the S&P 500, reinforcing the notion that the stock may not be a sound investment at this time.