Is Werner Enterprises, Inc. overvalued or undervalued?

As of 29 July 2025, the valuation grade for Werner Enterprises, Inc. has moved from fair to very expensive. The company appears overvalued based on its high valuation ratios, including a P/E ratio of 213, an EV to EBIT of 58.76, and a Price to Book Value of 1.41. In comparison, peers such as J.B. Hunt Transport Services, Inc. and Knight-Swift Transportation Holdings, Inc. have P/E ratios of 40.85 and 45.62, respectively, indicating that Werner Enterprises is significantly more expensive relative to its industry.
Recent performance also supports this valuation assessment, as Werner Enterprises has underperformed against the S&P 500 across multiple time frames, with a year-to-date return of -23.39% compared to the S&P 500's 12.22%. This trend continues over longer periods, highlighting the company's struggles in delivering shareholder value relative to broader market performance.