Is HireQuest, Inc. overvalued or undervalued?

As of 9 April 2025, the valuation grade for HireQuest, Inc. has moved from very expensive to expensive, indicating a slight improvement in its valuation outlook. The company is currently considered overvalued. Key ratios include a P/E ratio of 15, an EV to EBITDA ratio of 11.57, and a Price to Book Value of 2.15.
In comparison to its peers, HireQuest's P/E ratio of 14.51 is lower than Barrett Business Services, Inc., which has a P/E of 20.28, but higher than Heidrick & Struggles International, Inc., which stands at 11.21. Additionally, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -28.53% compared to the S&P's 2.44%. This further supports the conclusion that HireQuest, Inc. is overvalued in the current market context.