Is Saia, Inc. overvalued or undervalued?

As of 25 October 2024, Saia, Inc. has moved from a very attractive to a fair valuation grade. The company appears to be overvalued at its current price of $270.00, given its P/E ratio of 21, which is notably higher than its peers such as XPO, Inc. with a P/E of 31.79 and Landstar System, Inc. at 49.82. Additionally, the EV to EBITDA ratio stands at 10.21, which is lower than XPO's 14.66, indicating a potential premium on Saia's valuation compared to its competitors.
The return on capital employed (ROCE) is a strong 18.49%, and the return on equity (ROE) is 13.61%, suggesting solid operational efficiency. However, considering the overall market performance, Saia's year-to-date return of -40.75% significantly lags behind the S&P 500's gain of 2.44%, reinforcing the notion that the stock may be overvalued in the current market context.