Is Marqeta, Inc. overvalued or undervalued?

As of 26 February 2025, Marqeta, Inc. has moved from an expensive to a fair valuation grade. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 27, a Price to Book Value of 2.59, and an EV to Sales ratio of 2.99.
In comparison to peers, Grand Canyon Education, Inc. has a P/E ratio of 31.27, while MAXIMUS, Inc. shows a more attractive P/E of 12.96. Notably, Marqeta's PEG ratio of 0.18 suggests potential growth at a reasonable price compared to its peers. While Marqeta's recent stock performance has outpaced the S&P 500 over the past month, it still shows a significant decline over the three-year period, indicating volatility in its valuation.