Is Mister Car Wash, Inc. overvalued or undervalued?

As of 10 September 2025, the valuation grade for Mister Car Wash, Inc. has moved from fair to attractive, indicating a more favorable assessment of its stock. The company appears to be undervalued, with a P/E ratio of 26, which is lower than the peer average of 20.37 for similar companies. Additionally, Mister Car Wash has an EV to EBITDA ratio of 10.45 and an EV to Sales ratio of 2.95, which also suggest a competitive valuation relative to its peers.
In comparison to its peers, Stride, Inc. has a P/E ratio of 23.77 and Adtalem Global Education, Inc. has a significantly higher P/E of 39.20, highlighting that Mister Car Wash may offer a more attractive entry point for investors. Despite this positive valuation outlook, the company's stock has underperformed against the S&P 500, with a year-to-date return of -25.38% compared to the index's 12.22%, suggesting potential challenges ahead.