Is Conduent, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Conduent, Inc. has moved from attractive to expensive, indicating a shift towards overvaluation. The company appears to be overvalued based on its P/E ratio of 1, a Price to Book Value of 0.46, and an EV to EBITDA of 7.70. In comparison, Medifast, Inc. has a significantly higher P/E ratio of 62.80, while Thoughtworks Holding, Inc. shows a negative P/E of -25.45, highlighting the disparity within the industry.
Conduent's recent performance has been notably poor, with a year-to-date return of -55.94%, significantly underperforming the S&P 500's return of 14.40% over the same period. This stark contrast reinforces the conclusion that the stock is overvalued relative to its current financial metrics and market performance.