Is Oppenheimer Holdings, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Oppenheimer Holdings, Inc. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently considered undervalued, supported by a P/E ratio of 9, a Price to Book Value of 0.76, and an EV to EBITDA ratio of 2.64. In comparison to peers, Oppenheimer's P/E ratio is significantly lower than Piper Sandler Cos. at 35.80 and Moelis & Co. at 31.63, both of which are deemed expensive.
Oppenheimer's strong performance is further highlighted by its PEG ratio of 0.11, suggesting robust growth relative to its price. The company has outperformed the S&P 500 across multiple periods, with a year-to-date return of 24.59% compared to the S&P 500's 12.22%, and a one-year return of 59.41% versus 17.14% for the index. This performance reinforces the narrative that Oppenheimer Holdings is positioned favorably in the market.