Try longer timebase, to capture two pulses.
Peak measurement is done by establishing max peak level and a "top" of signal plateau, the voltage level of settled signal.
Usually by means of histogram. If settled signal and top signal is same, there is no overshoot. If you have some peak, and then signal settles to some value and stays there, scope takes those two and calculates overshoot. There are some more things in algorithm, like peak has to come after rising edge etc..
So I presume scope cannot establish clean histogram and is confused.
As I said, try capturing longer period so scope captures two pulses and can see periodicity...