Is Corporacion America Airports SA overvalued or undervalued?

As of 22 May 2025, the valuation grade for Corporacion America Airports SA has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued. Key ratios include a P/E ratio of 22, an EV to EBITDA of 6.77, and a Price to Book Value of 2.36, which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to peers, Corporacion America Airports SA's P/E ratio of 20.86 is lower than that of Verra Mobility Corp., which stands at 28.19, but both are categorized as very expensive. The EV to EBITDA ratio for Corporacion America Airports SA is also more favorable than Verra Mobility's 13.58, yet the overall valuation remains high. Notably, the company's recent stock performance has outpaced the S&P 500 over the past three years, with a return of 246.30% compared to the index's 58.74%, reinforcing the notion of overvaluation amidst strong historical returns.