Is The Trade Desk, Inc. overvalued or undervalued?

As of 31 October 2025, The Trade Desk, Inc. has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its high P/E ratio of 85, a Price to Book Value of 12.93, and an EV to EBITDA of 61.64. In comparison, a peer such as The Trade Desk, Inc. has a lower P/E of 60.98, indicating that it is trading at a premium relative to its industry peers.
The company's recent performance has been significantly underwhelming, with a year-to-date return of -58.21% compared to the S&P 500's gain of 16.30%. This stark contrast reinforces the notion that The Trade Desk, Inc. is currently overvalued in the market.