Is NetScout Systems, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for NetScout Systems, Inc. has moved from attractive to fair. The company appears to be fairly valued at this time. Key valuation ratios include a P/E ratio of 36, an EV to EBITDA of 15.84, and a Price to Book Value of 1.84. Compared to peers, HashiCorp, Inc. has a significantly negative P/E of -56.15, while Certara, Inc. shows a more attractive P/E of 150.54, indicating that NetScout is positioned relatively well within its industry.
In terms of recent performance, NetScout has outperformed the S&P 500 with a year-to-date return of 23.96% compared to the S&P 500's 15.47%, although it has underperformed over the longer three and five-year periods. This mixed performance, along with its current valuation ratios, suggests that while NetScout is not undervalued, it is also not overvalued given its current market position.