Is Everi Holdings, Inc. overvalued or undervalued?

As of 8 July 2024, the valuation grade for Everi Holdings, Inc. has moved from expensive to very expensive. The company is currently considered overvalued based on its high P/E ratio of 43, which significantly exceeds the industry average. Additionally, the Price to Book Value stands at 6.04, and the EV to EBITDA ratio is 6.80, both indicating that the stock is priced at a premium compared to its earnings and book value.
In comparison to peers, Rush Street Interactive, Inc. has a P/E ratio of 151.37, which is also high, but it reflects a different valuation context. Bally's Corp., on the other hand, is in a risky position with a negative P/E ratio of -1.44. Everi's recent stock performance has outpaced the S&P 500 over the past year, with a return of 76.99% compared to the S&P 500's 10.26%, but this strong performance does not justify its current overvaluation.