Is Mister Car Wash, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Mister Car Wash, Inc. has moved from fair to attractive, indicating a more favorable assessment of its value. Despite this positive grade change, the company appears to be overvalued based on its current metrics. The P/E ratio stands at 26, significantly higher than the peer average of approximately 20.37, while the EV to EBITDA ratio is 10.45 compared to the peer average of 9.35. Additionally, the PEG ratio of 26.24 suggests that the stock may be expensive relative to its growth prospects.
In comparison to its peers, Stride, Inc. shows a more attractive valuation with a P/E of 23.77 and a PEG of 0.38, while Adtalem Global Education, Inc. has a P/E of 39.20, indicating a wide range of valuations within the industry. Notably, Mister Car Wash has underperformed against the S&P 500, with a year-to-date return of -31.41% compared to the index's 14.40%, and a one-year return of -40.12% against 12.65% for the S&P 500, reinforcing the notion that the stock may be overvalued in the current market context.