Is Emerald Holding, Inc. overvalued or undervalued?

As of 15 August 2025, the valuation grade for Emerald Holding, Inc. has moved from fair to very attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued, particularly when considering its PEG ratio of 0.29, which suggests strong growth potential relative to its price, alongside a P/E ratio of 42 and an EV to EBITDA of 11.01.
In comparison to peers, Emerald's P/E ratio is significantly lower than Paymentus Holdings, Inc. at 79.78, while also being more favorable than Stagwell, Inc. at 55.57. Additionally, the company boasts a high dividend yield of 40.45%, which is appealing for income-focused investors. Over the past year, Emerald's stock has returned 5.53%, underperforming the S&P 500's 17.14%, yet its strong valuation metrics suggest potential for future appreciation.