Is XPEL, Inc. overvalued or undervalued?

As of 10 September 2025, the valuation grade for XPEL, Inc. has moved from expensive to fair. The company appears to be fairly valued at this time. Key valuation ratios include a P/E ratio of 22, an EV to EBITDA of 13.75, and a Price to Book Value of 4.34. In comparison, Autoliv, Inc. has a P/E of 18.06 and an EV to EBITDA of 9.21, while Gentex Corp. shows a P/E of 15.33 and an EV to EBITDA of 10.91, indicating that XPEL is positioned competitively within its peer group.
Despite the fair valuation, XPEL has underperformed against the S&P 500 across multiple time frames, with a year-to-date return of -16.22% compared to the S&P 500's 12.22%. This trend continues over one year and three years, where XPEL's returns of -22.08% and -48.69% starkly contrast with the S&P 500's gains, suggesting potential challenges ahead for the company.