Is F5, Inc. overvalued or undervalued?

As of 10 October 2025, the valuation grade for F5, Inc. has moved from fair to attractive, indicating a favorable shift in its valuation outlook. The company appears to be undervalued based on its key metrics, including a P/E ratio of 27, an EV to EBITDA ratio of 18.20, and a PEG ratio of 1.62, which suggest that it is trading at a reasonable price relative to its earnings growth potential.
In comparison to its peers, F5, Inc. shows a more attractive P/E ratio than Gen Digital Inc. at 30.81 and significantly better performance than Unity Software, Inc., which has a negative P/E ratio. Additionally, F5's ROCE of 35.08% and ROE of 19.07% further underscore its operational efficiency relative to competitors. Notably, F5, Inc. has outperformed the S&P 500 over multiple periods, with a year-to-date return of 31.92% compared to the index's 11.41%, reinforcing the case for its undervaluation.