Is P10, Inc. overvalued or undervalued?

As of 7 August 2025, the valuation grade for P10, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently considered overvalued, with a P/E ratio of 65, a Price to Book Value of 3.53, and an EV to EBITDA ratio of 12.28. In comparison to peers, P10, Inc. has a significantly higher P/E ratio than BrightSphere Investment Group, Inc. at 17.83 and Capital Southwest Corp at 16.09, both of which are categorized as expensive or very attractive.
Despite a strong 1-year return of 15.51%, which is slightly below the S&P 500's 17.14%, P10, Inc.'s performance over longer periods shows a stark contrast, with a 3-year return of 6.21% compared to the S&P 500's 70.41%. This suggests that while the company has experienced some positive returns, its valuation metrics indicate it may not be justified at current price levels.