Is REX American Resources Corp. overvalued or undervalued?

As of 14 November 2025, the valuation grade for REX American Resources Corp. moved from expensive to very expensive, indicating a significant concern regarding its valuation. The company appears overvalued based on its current metrics, with a P/E ratio of 24, a Price to Book Value of 3.27, and an EV to EBITDA of 16.17. In comparison, its peers such as Proto Labs, Inc. have a much higher P/E of 58.60, while Ecovyst, Inc. shows a more favorable EV to EBITDA of 10.41, suggesting that REX may not justify its current valuation relative to its industry.
Despite its overvaluation, REX American Resources Corp. has delivered impressive returns, outperforming the S&P 500 with a year-to-date return of 59.41% compared to the index's 14.49%. However, the significant gap in valuation ratios and the recent grade change suggest that caution is warranted for potential investors.