Is Cimpress Plc overvalued or undervalued?

As of 1 November 2019, Cimpress Plc's valuation grade has moved from expensive to risky, indicating a significant shift in its market perception. The company is currently considered undervalued, with a P/E ratio of 11, which is lower than the industry average, and a PEG ratio of 0.09, suggesting strong growth potential relative to its price. Additionally, the EV to EBITDA ratio stands at 9.15, further supporting the undervaluation thesis.
In comparison to its peers, Cimpress Plc's P/E ratio of 10.62 is lower than that of similar companies, indicating that it is trading at a discount. Notably, the company's ROCE is a robust 26.05%, although it faces challenges with a negative book value for ROE. Recent stock performance shows that Cimpress has underperformed against the S&P 500, particularly over the past year, where it has declined by 48.56% compared to a 10.26% gain for the index, reinforcing the notion of its current undervaluation amidst broader market trends.