Is Steven Madden Ltd. overvalued or undervalued?

As of 7 November 2024, the valuation grade for Steven Madden Ltd. has moved from attractive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 18, an EV to EBITDA of 12.37, and a ROE of 20.16%.
In comparison with peers, Steven Madden's P/E ratio of 16.66 is lower than that of Ralph Lauren Corp., which stands at 45.59, indicating that while Steven Madden is fairly valued, it is significantly less expensive than some competitors. Conversely, Skechers U.S.A., Inc. has a P/E of 13.08, suggesting it may be a more attractive option within the sector. Additionally, Steven Madden's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -43.72% compared to the index's 2.44%, further supporting the notion of a fair valuation amidst broader market challenges.