Is Paymentus Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Paymentus Holdings, Inc. has moved from very attractive to attractive, indicating a shift in perception. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 90, which is significantly higher than its peer Stagwell, Inc. at 55.57 and Viad Corp. at -17.23. Additionally, the EV to EBITDA ratio stands at 82.71, again surpassing the peer average, while the PEG ratio of 1.94 suggests that the stock may be priced too high relative to its growth expectations.
In comparison to its peers, Paymentus Holdings, Inc. shows a fair valuation status with a P/E of 79.78, which is still elevated. The company has underperformed against the S&P 500 in the short term, with a year-to-date return of -10.22% compared to the S&P 500's 13.30%, although it has outperformed over three years with a return of 162.11% versus 81.19%. Overall, the combination of high valuation ratios and recent stock performance suggests that Paymentus Holdings, Inc. is overvalued.