Is N-able, Inc. overvalued or undervalued?

As of 17 October 2025, N-able, Inc. has moved from an attractive to a fair valuation grade. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 77, which is significantly higher than its peer Doximity, Inc. at 54.88 and ACI Worldwide, Inc. at 25.62. Additionally, N-able's EV to EBITDA stands at 26.84, compared to Doximity's 48.71, indicating a less favorable valuation relative to its peers.
The company's return performance has been notably poor, with a year-to-date return of -18.63% compared to the S&P 500's 13.30%, and a one-year return of -39.1% against the S&P 500's 14.08%. These figures reinforce the notion that N-able, Inc. is currently overvalued in the market.