Is ANSYS, Inc. overvalued or undervalued?

As of 7 July 2025, the valuation grade for ANSYS, Inc. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 52, an EV to EBITDA of 33.59, and a PEG ratio of 1.36. In comparison, Veeva Systems, Inc. has a higher P/E of 55.64, indicating it is considered expensive, while The Trade Desk, Inc. is also fairly valued with a P/E of 60.98.
In terms of stock performance, ANSYS has outperformed the S&P 500 over the past year with a return of 18.57% compared to the index's 17.14%. However, over longer periods, such as the 5-year return, ANSYS has significantly lagged behind the S&P 500, which returned 96.61%. Overall, ANSYS is currently fairly valued based on its financial metrics and peer comparisons.