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 based on its current metrics, with a P/E ratio of 11, a Price to Book Value of 2.90, and an EV to EBITDA of 10.22. In comparison to its peers, Gambling.com Group Ltd. has a more favorable PEG ratio of 0.17, while its closest peer, Weave Communications, Inc., shows a significantly negative P/E ratio of -21.03, highlighting the relative strength of Gambling.com within its industry.
Despite this, the company's recent performance has been disappointing, with a year-to-date return of -46.02%, significantly underperforming the S&P 500's return of 13.30% over the same period. This stark contrast in returns suggests that while the company may be fairly valued, market sentiment is currently unfavorable, potentially indicating challenges ahead.