Is The Buckle, Inc. overvalued or undervalued?

As of 21 November 2025, The Buckle, Inc. moved from fair to attractive in its valuation grade. The company is currently undervalued, as evidenced by its P/E ratio of 11, which is significantly lower than the peer average P/E of 15.07, and an EV to EBITDA ratio of 7.72, compared to peers like Urban Outfitters, Inc. at 9.42. Additionally, The Buckle boasts a remarkable ROE of 43.98% and a dividend yield of 809.05%, indicating strong profitability and shareholder returns.
In comparison to its peers, Gap, Inc. has a P/E of 10.22, while Boot Barn Holdings, Inc. shows a much higher P/E of 29.35, highlighting the relative attractiveness of The Buckle's valuation. Despite recent underperformance against the S&P 500 over the 1-week and 1-month periods, where it returned -2.92% and -3.43% respectively, the company has shown resilience with a 5-year return of 91.22%, outperforming the S&P 500's 85.61% in the same timeframe.