Is MercadoLibre, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for MercadoLibre, Inc. moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears fairly valued based on its current metrics, with a P/E ratio of 61, a Price to Book Value of 25.15, and an EV to EBITDA ratio of 35.73. In comparison, Amazon.com, Inc. has a P/E of 37.92 and an EV to EBITDA of 19.22, while Coupang, Inc. is considered very expensive with a P/E of 205.16.
Despite a recent decline in monthly stock performance, MercadoLibre has outperformed the S&P 500 year-to-date with a return of 27.09% compared to the index's 15.47%. This suggests that while the stock may not be undervalued, it is positioned well within its market context.