Is Waystar Holding Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Waystar Holding Corp. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company is currently considered overvalued based on its recent performance and valuation metrics. Key ratios such as the price of $36.98, a 52-week high of $48.11, and the significant drop in the stock price over the past month highlight this concern. In comparison to its peers, Waystar does not qualify for a direct valuation comparison, but the absence of peers suggests a unique market position. Notably, while Waystar's one-year return of 34.03% outperformed the S&P 500's return of 14.08%, the year-to-date performance of 0.76% against the S&P 500's 13.30% indicates a potential cooling off in momentum. Overall, the current valuation metrics and recent performance suggest that Waystar Holding Corp. is overvalued.