Is Globant SA overvalued or undervalued?

As of 17 October 2025, the valuation grade for Globant SA has moved from attractive to expensive, indicating a shift in its perceived value. The company appears to be overvalued based on key metrics, including a P/E ratio of 25, an EV to EBITDA of 11.57, and a Price to Book Value of 2.17. In comparison, peers like Amdocs Ltd. show a much higher P/E ratio of 36.47, while EPAM Systems, Inc. has a fair valuation with a P/E of 22.01, suggesting that Globant SA is not only overvalued relative to its peers but also lacks competitive valuation metrics.
Additionally, the stock has significantly underperformed against the S&P 500, with a year-to-date return of -73.06% compared to the index's 13.30%. This stark contrast reinforces the notion that Globant SA is overvalued in the current market environment.