Is HireQuest, Inc. overvalued or undervalued?

As of 7 August 2025, the valuation grade for HireQuest, Inc. moved from expensive to very expensive, indicating a significant shift in its perceived value. The company appears to be overvalued given its current metrics, including a P/E ratio of 15, a Price to Book Value of 2.15, and an EV to EBITDA of 11.57. In comparison, its peers such as AMN Healthcare Services, Inc. have a P/E of 20.16 and an EV to EBITDA of 7.71, while Kforce, Inc. shows a much higher P/E of 49.41 and an EV to EBITDA of 33.55, suggesting that HireQuest is trading at a premium relative to its industry.
Despite the lack of recent return data, the company's valuation metrics indicate that it is not aligned with the performance of its peers, reinforcing the narrative that it is overvalued.