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

As of 17 October 2025, the valuation grade for A-Mark Precious Metals, Inc. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company appears overvalued based on its current metrics, particularly with a P/E ratio of 515, which is substantially higher than its peer B. Riley Financial, Inc. with a P/E of -0.209. Additionally, the EV to EBITDA ratio stands at 15.21, while the industry average is not provided, further suggesting a premium valuation compared to its peers.
In terms of performance, A-Mark Precious Metals has shown a return of -35.55% over the past year, contrasting sharply with the S&P 500's return of 14.08% during the same period, highlighting the company's struggles relative to the broader market. The Price to Book Value of 0.80 and a dividend yield of 3.60% are notable, but they do not compensate for the high valuation ratios and the company's poor recent performance. Overall, A-Mark Precious Metals is positioned as overvalued in the current market landscape.