Is Insight Enterprises, Inc. overvalued or undervalued?

As of 6 February 2025, the valuation grade for Insight Enterprises, Inc. has moved from attractive to fair. This indicates that the company is currently fairly valued. The key ratios include a P/E ratio of 22, an EV to EBITDA of 11.17, and a ROCE of 14.50%.
In comparison to its peers, Insight Enterprises has a P/E ratio of 21.83, which is significantly lower than Guidewire Software, Inc. at 233.69, indicating that Insight is more reasonably priced relative to its earnings. Additionally, CACI International, Inc. has a P/E of 39.84, further supporting the notion that Insight is fairly valued within its competitive landscape. Notably, Insight's stock has underperformed the S&P 500 over the past year, with a return of -33.90% compared to the index's 10.26%, which may suggest a potential for recovery as market conditions improve.