Is Innodata, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Innodata, Inc. moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 50, an EV to EBITDA of 46.83, and a PEG ratio of 0.04, indicating strong growth potential relative to its price.
In comparison to peers, Innodata's P/E ratio of 39.15 is more favorable than TeraWulf, Inc. at -29.75, and significantly lower than Yext, Inc. at 114.99, which is classified as expensive. The company's impressive ROCE of 155.96% and ROE of 46.99% further support its valuation stance. Notably, Innodata has outperformed the S&P 500 with a 1-year return of 333.39% compared to the index's 14.08%, reinforcing its strong market performance.