Is MercadoLibre, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for MercadoLibre, Inc. moved from expensive to fair. The company appears fairly valued based on its current metrics. 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 reasonable growth expectation relative to its price.
In comparison to peers, MercadoLibre's P/E ratio is higher than Amazon.com, Inc. at 37.92, but lower than Coupang, Inc., which is very expensive at 205.16. The EV to EBITDA ratio for MercadoLibre is also higher than Amazon's 19.22, suggesting a premium valuation. Notably, MercadoLibre has outperformed the S&P 500 over multiple periods, with a year-to-date return of 36.86% compared to the S&P 500's 16.30%.