Is National Beverage Corp. overvalued or undervalued?

As of 7 July 2025, the valuation grade for National Beverage Corp. has moved from expensive to fair. The company appears to be fairly valued at this time. Key valuation ratios include a P/E ratio of 26, an EV to EBITDA of 18.16, and an impressive ROE of 46.42%.
In comparison to peers, National Beverage Corp. has a lower P/E ratio than Celsius Holdings, Inc., which stands at 95.37, and a more favorable EV to EBITDA ratio than Coca-Cola Consolidated, Inc., which is at 10.10. Despite the fair valuation, National Beverage Corp. has underperformed against the S&P 500 across multiple periods, with a 1-year return of -16.64% compared to the S&P 500's 17.14%, indicating potential challenges ahead.