Is Flywire Corp. overvalued or undervalued?

As of 6 May 2025, the valuation grade for Flywire Corp. has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a P/E ratio of 97, a Price to Book Value of 1.66, and an EV to EBITDA of 69.84, which suggest that while the company has a high earnings multiple, its valuation metrics may not fully reflect its growth potential.
In comparison to its peers, Flywire Corp. has a P/E ratio of 99.93, which is higher than Dun & Bradstreet Holdings, Inc. at 90.30 and Paycor HCM, Inc. with a negative P/E ratio. The PEG ratio of 0.45 further supports the undervaluation thesis, as it indicates that the stock may be undervalued relative to its growth rate. Additionally, Flywire's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -46.56% compared to the S&P 500's 2.44%, reinforcing the notion that the market may not yet fully appreciate its value.