Is Revolve Group, Inc. overvalued or undervalued?

As of 5 August 2025, the valuation grade for Revolve Group, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time, with a P/E ratio of 31, a Price to Book Value of 3.50, and an EV to EBITDA ratio of 20.43. In comparison, Chewy, Inc. is considered expensive with a P/E of 44.86, while Global Industrial Co. is fairly valued with a P/E of 23.39.
Despite the fair valuation, Revolve Group has underperformed relative to the S&P 500, with a year-to-date return of -28.07% compared to the index's 12.22%. This trend continues over the longer term, as the company has seen a 3-year return of -2.03% against the S&P 500's 70.41%.