Is U-Haul Holding Co. overvalued or undervalued?

As of 3 August 2022, U-Haul Holding Co. has moved from an expensive to a very expensive valuation grade. The company appears to be overvalued based on its current financial metrics. The P/E ratio stands at 42, significantly higher than the peer average of approximately 40.03 for Navient Corp., which is considered attractive. Additionally, U-Haul's EV to EBITDA ratio of 11.89 also exceeds the peer average of 11.4954, indicating a premium valuation compared to its competitors.
In terms of profitability, U-Haul's ROCE is at 5.24% and ROE at 4.43%, which are relatively low and do not justify the high valuation multiples. Given these factors, U-Haul Holding Co. is overvalued in the current market. The company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -10.86% compared to the index's 2.44%, further reinforcing the notion of overvaluation.