Is Payoneer Global, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Payoneer Global, Inc. has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 21, while the EV to EBITDA ratio is 10.05, and the PEG ratio is 1.02, indicating a reasonable valuation relative to its growth prospects.
In comparison to its peers, Payoneer’s P/E ratio of 23.13 is higher than Shift4 Payments, Inc. at 14.01, but lower than The Brink's Co. at 22.31. Additionally, Payoneer’s EV to EBITDA is more favorable than that of Shift4 Payments, which is at 12.20. Despite these metrics, Payoneer has underperformed compared to the S&P 500, with a year-to-date return of -42.23% against the index's 13.30%. This significant underperformance reinforces the notion that the stock may not be an attractive investment at its current valuation.