Is HireQuest, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for HireQuest, Inc. has moved from fair to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 15, which is notably higher than its peer average of approximately 14.81, and an EV to EBITDA ratio of 11.57, which also exceeds the peer average of 12.03. Additionally, the PEG ratio stands at 1.17, suggesting that the stock may not be justified at its current price given its growth prospects.
In comparison to its peers, AMN Healthcare Services, Inc. has a P/E of 20.16, while Kforce, Inc. shows a significantly higher P/E of 49.41, indicating varying levels of market confidence in these companies. HireQuest's recent stock performance has been poor, with a year-to-date return of -40.82% compared to the S&P 500's positive return of 13.30%, further reinforcing the notion that the stock is overvalued.