Is Murphy USA, Inc. overvalued or undervalued?

As of 5 February 2025, the valuation grade for Murphy USA, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 35, an EV to EBITDA of 19.25, and a ROE of 68.97%.
In comparison to its peers, Murphy USA's P/E ratio is higher than that of Williams-Sonoma, Inc. at 17.27 and Casey's General Stores, Inc. at 34.48, suggesting that while it is fairly valued, it may be on the higher end relative to some competitors. Additionally, the company's dividend yield stands at an impressive 23.69%, which may appeal to income-focused investors. Over the past year, Murphy USA has underperformed the S&P 500, returning -11.33% compared to the index's 10.26%, reinforcing the notion that the stock may not be undervalued at this stage.