Is Fiverr International Ltd. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Fiverr International Ltd. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company is currently considered overvalued, as reflected by its P/E ratio of 66, which significantly exceeds the industry average, and an EV to EBITDA ratio of -316.11, suggesting substantial operational inefficiencies. Additionally, the PEG ratio stands at 0.53, indicating that growth expectations may not justify the current price.
In comparison to its peers, Fiverr's P/E ratio is notably higher than Kyndryl Holdings, which has a P/E of 31.33, and ExlService Holdings, with a P/E of 31.10, both of which are categorized as very attractive. The company's recent stock performance has been poor, with a year-to-date return of -31.01%, compared to the S&P 500's positive return of 13.30%, reinforcing the notion that Fiverr is overvalued in the current market environment.