Is Strategic Education, Inc. overvalued or undervalued?

As of 22 August 2025, the valuation grade for Strategic Education, Inc. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 18, while the EV to EBITDA ratio is 9.56, and the Price to Book Value is 1.31.
In comparison to peers, Strategic Education, Inc. has a P/E ratio that is lower than Planet Fitness, Inc. at 47.24 and higher than Stride, Inc. at 23.77, indicating a competitive position within its industry. Additionally, its EV to EBITDA ratio is more favorable than that of Life Time Group Holdings, Inc., which is at 10.92. Despite its recent stock performance lagging behind the S&P 500, with a year-to-date return of -11.10% compared to the S&P 500's 12.22%, the valuation metrics suggest that the stock is positioned reasonably within its market context.