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 in perception regarding its market value. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 1, a Price to Book Value of 0.46, and an EV to EBITDA of 7.70. In comparison, peers such as Thoughtworks Holding, Inc. and Chegg, Inc. exhibit significantly lower P/E ratios of -25.45 and -22.62, respectively, suggesting that Conduent's valuation is not justified relative to its competitors. Despite the lack of recent return data, the overall valuation metrics indicate that Conduent, Inc. is not positioned favorably in the current market landscape, reinforcing the conclusion that it is overvalued.