Is FTI Consulting, Inc. overvalued or undervalued?

As of 17 October 2025, FTI Consulting, Inc. has moved from an attractive to an expensive valuation grade. The company is considered overvalued based on its current metrics, including a P/E ratio of 20, an EV to EBITDA ratio of 13.90, and a Price to Book Value of 2.62. In comparison to peers, Medpace Holdings, Inc. has a much higher P/E of 33.13, while ICON plc presents a more attractive P/E of 14.64, highlighting FTI's relative overvaluation.
The recent stock performance further supports this valuation assessment, as FTI Consulting has underperformed against the S&P 500 with a year-to-date return of -20.34% compared to the index's 13.30%. Over the past year, the stock has declined by 33.72%, while the S&P 500 gained 14.08%, indicating a significant divergence in performance that reinforces the notion of overvaluation.