Is Janover, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Janover, Inc. has moved from very expensive to expensive, indicating a slight improvement in its valuation perspective. Despite this change, the company remains overvalued based on its current metrics. Key ratios include a Price to Book Value of 96.32, an EV to EBIT of -95.50, and an EV to Sales of 137.74, all of which suggest significant overvaluation relative to its financial performance.
In comparison to peers, Janover, Inc. has a P/E ratio of -50.07, while Mill City Ventures III Ltd. is categorized as very expensive with a P/E of 324.84, highlighting a stark contrast in valuation metrics. Additionally, USIO, Inc. is considered fair with a P/E of 14.11, further emphasizing Janover's relative overvaluation. Notably, while Janover's year-to-date return of 1876.64% significantly outpaces the S&P 500's 13.30%, the recent one-week and one-month declines of -12.73% and -23.45% respectively may indicate a correction in its inflated valuation.