Is UniFirst Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for UniFirst Corp. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 22, a Price to Book Value of 1.57, and an EV to EBITDA of 9.48. In comparison to peers, Service Corp. International has a P/E of 21.11 and an EV to EBITDA of 12.77, while H&R Block, Inc. shows a more attractive P/E of 13.76 and an EV to EBITDA of 9.65.
Despite a recent one-week stock return of 6.88% compared to the S&P 500's 1.70%, UniFirst has struggled over longer periods, with a 1-year return of -13.20% against the S&P 500's 14.08%. This performance suggests that while the stock may be fairly valued, its recent returns do not reflect strong growth prospects.