Is Globant SA overvalued or undervalued?

As of 3 October 2025, the valuation grade for Globant SA has moved from expensive to very expensive, indicating a significant deterioration in its valuation appeal. The company appears overvalued based on its current metrics, with a P/E ratio of 25, a Price to Book Value of 2.17, and an EV to EBITDA of 11.57. In comparison, Amdocs Ltd. has a P/E of 36.47 and EPAM Systems, Inc. has a P/E of 22.01, highlighting that Globant's valuation is not justified relative to its peers.
The stock has underperformed significantly against the S&P 500, with a year-to-date return of -71.91% compared to the index's 14.18%. This stark contrast reinforces the notion that Globant SA is overvalued in the current market environment.