Is YETI Holdings, Inc. overvalued or undervalued?

As of 9 July 2025, YETI Holdings, Inc. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 15, an EV to EBITDA of 8.43, and a Price to Book Value of 3.42, which suggest that the stock is reasonably priced relative to its earnings and book value.
In comparison to its peers, YETI's P/E ratio of 15 is significantly lower than Advanced Drainage Systems, Inc. at 27.44 and Armstrong World Industries, Inc. at 38.75, indicating that YETI may be undervalued relative to these companies. However, it is important to note that YETI's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -6.93% compared to the S&P 500's 12.22%, and a 5-year return of -19.66% versus 96.61% for the index, reinforcing the notion that the stock may not be attracting investor interest despite its fair valuation.