Is MercadoLibre, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for MercadoLibre, Inc. has moved from expensive to fair. Based on the current metrics, the company appears fairly valued. Key ratios include a P/E ratio of 61, an EV to EBITDA of 35.73, and a PEG ratio of 0.74, indicating a more favorable growth outlook relative to its price.
In comparison to peers, MercadoLibre's P/E ratio of 57.96 is higher than Amazon.com, Inc.'s 37.92, but lower than Coupang, Inc.'s significantly high 205.16. The EV to EBITDA ratio of 32.28 for MercadoLibre also suggests a more reasonable valuation compared to Coupang. Over the past year, MercadoLibre has returned 5.12%, underperforming the S&P 500's 16.90%, which may indicate some market skepticism despite its fair valuation.