Is Rush Street Interactive, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Rush Street Interactive, Inc. moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 146, an EV to EBITDA of 37.29, and a PEG ratio of 1.01. In comparison to peers, Wynn Resorts Ltd. has a P/E of 31.93, while Boyd Gaming Corp. shows a more attractive P/E of 11.80, highlighting the relative valuation landscape within the leisure services industry.
Despite recent stock performance showing a decline over the past week and month, with returns of -5.77% and -18.24% respectively, Rush Street Interactive has outperformed the S&P 500 on a year-to-date basis with a return of 26.09% compared to the S&P's 13.30%. This suggests that while the stock may be experiencing short-term volatility, its long-term growth potential remains strong.