Is Dave, Inc. overvalued or undervalued?

As of 8 May 2025, the valuation grade for Dave, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued. Key ratios include a P/E ratio of 54, an EV to EBITDA of 40.98, and a PEG ratio of 0.21, which suggests that while the stock may be priced high relative to earnings, it has strong growth potential.
In comparison to peers, Dave, Inc. has a P/E ratio of 50.20, while Northeast Community Bancorp, Inc. is attractive at 6.51 and The First of Long Island Corp. is very attractive at 13.67. This highlights that Dave, Inc. is significantly more expensive than its peers, despite its strong ROCE of 34.48% and ROE of 27.21%. Additionally, the company's stock has outperformed the S&P 500 with a year-to-date return of 147.04% compared to the index's 2.44%, reinforcing the narrative of its strong growth potential despite its current valuation status.