Is A-Mark Precious Metals, Inc. overvalued or undervalued?

As of 16 June 2025, the valuation grade for A-Mark Precious Metals, Inc. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 515, a Price to Book Value of 0.80, and an EV to EBITDA of 15.21.
In comparison to its peer, B. Riley Financial, Inc., which has a risky valuation and an EV to EBITDA of 0.8553, A-Mark appears to be in a more stable position despite its high P/E ratio. The company's return on capital employed (ROCE) stands at 4.81%, while the return on equity (ROE) is notably low at 0.07%. Although A-Mark has faced significant declines in stock performance over the past year, with a return of -37.98% compared to the S&P 500's 10.26%, its current valuation suggests it is not overvalued in the context of its peers.