SiteOne Landscape Supply, Inc.

SiteOne trades at a remarkable 30.3x earnings despite an RSI of 31.9, signaling oversold conditions that contradict its premium valuation. The stock sits well below its 52-week high with 7.11% short interest—meaningful but not extreme. This disconnect suggests the market is pricing in either significant future growth or remains skeptical of near-term fundamentals in the wholesale landscaping supply space. The combination of depressed momentum indicators and elevated multiples creates an intriguing asymmetry: either the P/E compression is warranted and downside remains, or the oversold RSI represents a genuine dislocation in a cyclical sector facing headwinds.