Is Rush Street Interactive, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Rush Street Interactive, Inc. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 146, an EV to EBITDA of 37.29, and a PEG ratio of 1.01, which suggest that while the company has high earnings relative to its price, it is not excessively overvalued compared to its growth prospects.
In comparison to its peers, Rush Street Interactive's P/E ratio of 29.48 is lower than Wynn Resorts Ltd.'s 31.93 and significantly higher than MGM Resorts International's 11.74, indicating a mixed valuation landscape within the industry. Additionally, the company has outperformed the S&P 500 with a one-year return of 55.44% compared to the index's 14.08%, reinforcing its potential as a solid investment despite recent short-term declines.