Is Patria Investments Ltd. overvalued or undervalued?

As of 15 February 2022, the valuation grade for Patria Investments Ltd. moved from expensive to very attractive. The company appears to be undervalued based on its current metrics. Key ratios include a P/E Ratio of 21, an EV to EBIT of 13.66, and an EV to EBITDA of 11.45, which suggest that the stock is positioned favorably compared to its peers.
In the peer comparison, Patria Investments Ltd. has a P/E of 21.14, while Sixth Street Specialty Lending, Inc. has a P/E of 12.44, and BrightSphere Investment Group, Inc. is at 17.83, indicating that Patria is relatively more expensive but still within a reasonable range given its attractive valuation grade. Notably, over the past year, Patria has outperformed the S&P 500 with a return of 35.56% compared to the benchmark's 17.14%, reinforcing the positive valuation outlook.