Is Red Rock Resorts, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Red Rock Resorts, Inc. moved from very expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 17, an EV to EBITDA of 11.16, and a Price to Book Value of 21.48. In comparison, Norwegian Cruise Line Holdings Ltd. has a P/E of 14.40 and an EV to EBITDA of 9.78, while Wyndham Hotels & Resorts, Inc. is considered expensive with a P/E of 20.98 and an EV to EBITDA of 10.36.
In terms of recent performance, Red Rock Resorts has outperformed the S&P 500 with a year-to-date return of 26.88% compared to the index's 13.30%. However, over the longer term, its 3-year return of 48.68% lags behind the S&P 500's 81.19%, suggesting a mixed performance outlook. Overall, the company is fairly valued in the current market context.