Is Oppenheimer Holdings, Inc. overvalued or undervalued?

As of 25 April 2025, Oppenheimer Holdings, Inc. has moved from a very attractive to an attractive valuation grade. The company is currently considered undervalued based on its financial metrics. Key ratios include a P/E ratio of 9, a Price to Book Value of 0.76, and an EV to EBITDA of 2.64, which suggest that the stock is trading at a discount relative to its earnings and asset value.
In comparison to its peers, Oppenheimer's P/E ratio of 8.46 is significantly lower than A-Mark Precious Metals, Inc., which has a P/E of 527.22, indicating a stark contrast in valuation despite the latter's fair rating. Additionally, Perella Weinberg Partners shows a risky valuation with a P/E of -152.50, further emphasizing Oppenheimer's relative attractiveness. The company's strong performance is also reflected in its one-year return of 40.54%, significantly outpacing the S&P 500's 10.26% return over the same period, reinforcing its undervalued status.