Based on the latest data from August 29, 2025, HOOD is trading at $104.03, positioning it between the 45.3x and 67.0x PE multiples. Specifically, the stock price sits above the 45.3x PE boundary of $91.72 but below the 67.0x PE boundary of $135.52. This places HOOD in the "Fair" valuation zone, suggesting the stock is reasonably valued from a PE perspective, though approaching the higher end of fair value territory. The historical trend reveals a dramatic valuation expansion story for HOOD. The stock began trading in March 2024 below even the lowest 23.7x PE multiple at around $17.77, indicating severe undervaluation in the "Undervalued" zone. Throughout 2024, HOOD experienced significant PE multiple expansion, moving from undervalued territory through various valuation bands. The most notable acceleration occurred in 2025, with the stock price surging from $39.14 in December 2024 to over $100 by July 2025. This represents a transition from trading below fair value to approaching overvalued territory within just eight months. The PE river boundaries themselves have also expanded substantially, with the highest 131.9x PE boundary rising from $18.92 in March 2024 to $266.94 by August 2025, indicating significant earnings growth expectations and overall market revaluation of the company's fundamentals.