Is Evercore, Inc. overvalued or undervalued?

As of 30 July 2025, Evercore, Inc. has moved from expensive to very expensive, indicating a significant shift in its valuation outlook. The company appears to be overvalued, with a P/E ratio of 47, a Price to Book Value of 13.90, and an EV to EBITDA ratio of 32.51, all of which are considerably higher than its peers. For comparison, Jefferies Financial Group, Inc. has a P/E of 29.53 and an EV to EBITDA of 1.21, while Tradeweb Markets, Inc. shows an EV to EBITDA of 24.83, highlighting the premium at which Evercore is trading.
Despite this elevated valuation, Evercore has demonstrated impressive stock performance, with a year-to-date return of 30.88% compared to the S&P 500's 12.22%. This strong performance over multiple periods, including a staggering 446.78% return over five years, underscores the market's confidence in the company's future prospects, even as its current valuation suggests it may be overextended.