Is VF Corp. overvalued or undervalued?

As of 30 October 2023, VF Corp. has moved from a very attractive to a risky valuation grade, indicating a significant shift in market perception. The company is currently considered overvalued. Key ratios include a P/E ratio of 22, a Price to Book Value of 3.33, and an EV to EBITDA of 8.73, which are not favorable compared to its peers. For instance, On Holding AG has a much higher P/E of 74.98, while Crocs, Inc. stands out with a very attractive P/E of 10.59.
In comparison to its peers, VF Corp.'s PEG ratio of 0.13 suggests it may be undervalued relative to growth expectations, yet the overall risk assessment and high P/E ratio indicate otherwise. The company's recent stock performance has been poor, with a year-to-date return of -46.51%, significantly lagging behind the S&P 500's 2.44% return. This underperformance reinforces the notion that VF Corp. is currently overvalued in the market.