Is Mister Car Wash, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Mister Car Wash, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 26, a Price to Book Value of 2.06, and an EV to EBITDA of 10.45. In comparison to peers, Stride, Inc. has a P/E of 23.77, while UniFirst Corp. shows a P/E of 20.50, suggesting that Mister Car Wash's valuation is in line with its industry but not particularly compelling.
The company's recent stock performance has lagged significantly behind the S&P 500, with a year-to-date return of -27.43% compared to the index's 14.18%. This underperformance reinforces the notion that Mister Car Wash may not be an attractive investment at its current valuation.