Is Conduent, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Conduent, Inc. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company appears undervalued based on its current metrics, with a P/E ratio of 1, a Price to Book Value of 0.46, and an EV to EBITDA ratio of 7.70. In comparison, peers such as Thoughtworks Holding, Inc. have a P/E ratio of -25.45, while Medifast, Inc. shows a significantly higher P/E of 62.80, highlighting Conduent's relative attractiveness in its industry.
Despite the positive valuation indicators, Conduent has faced significant stock price declines, with a year-to-date return of -35.64% compared to the S&P 500's 15.47%. This stark contrast in returns reinforces the notion that the stock may be undervalued, as the market has not fully recognized its potential despite the attractive valuation ratios.