Is Red Rock Resorts, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Red Rock Resorts, Inc. has moved from very expensive to fair. The company appears to be fairly valued at this time. Key valuation 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.
In terms of recent performance, Red Rock Resorts has outperformed the S&P 500 over the past week with a return of 5.28% compared to the S&P 500's 1.70%, but it has lagged over the longer term, particularly in the 3-year and 10-year periods. Overall, the company's current valuation metrics suggest it is fairly positioned within its industry.