Is Gambling.com Group Ltd. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Gambling.com Group Ltd. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key valuation ratios include a P/E ratio of 11, an EV to EBITDA of 10.22, and a PEG ratio of 0.17, which suggest that the stock is reasonably priced compared to its earnings growth potential.
In comparison to its peers, Gambling.com Group Ltd. has a P/E ratio of 7.51, which is significantly lower than that of Weave Communications, Inc. at -21.03, highlighting a relative valuation advantage. However, the company has underperformed against the S&P 500, with a year-to-date return of -46.02% compared to the index's 13.30%, suggesting that market sentiment may be weighing on its valuation despite its fair rating.