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 shift towards overvaluation. The company appears overvalued based on its P/E ratio of 24, which is notably lower than its peer Proto Labs, Inc. at 58.60, yet higher than Ecovyst, Inc. at 18.34. Additionally, the EV to EBITDA ratio of 16.17 suggests a premium compared to Ecovyst's 10.41, further supporting the overvaluation thesis.
In terms of performance, REX American Resources has shown strong returns, with a year-to-date return of 54.28%, significantly outperforming the S&P 500's 14.49%. However, over the longer term, the company's 10-year return of 119.80% lags behind the S&P 500's impressive 232.87%. Given the high valuation ratios and the recent grade change, REX American Resources Corp. is positioned as overvalued in the current market context.