Is UTZ Brands, Inc. overvalued or undervalued?

As of 20 February 2025, the valuation grade for UTZ Brands, Inc. has moved from risky to fair. The company is currently fairly valued, with a P/E ratio of 106, a Price to Book Value of 2.66, and an EV to EBITDA of 19.05. In comparison to peers, Balchem Corp. has a P/E of 37.98 and is considered expensive, while Sensient Technologies Corp. is also fairly valued with a P/E of 40.18.
Despite the recent adjustments in valuation, UTZ Brands has experienced a significant decline in stock performance, with a year-to-date return of -17.37% compared to the S&P 500's 2.44%. This disparity highlights the potential for recovery in the stock, given its current fair valuation amidst a challenging market backdrop.