Is PaySign, Inc. overvalued or undervalued?

As of 6 August 2025, the valuation grade for PaySign, Inc. has moved from very expensive to expensive. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 44, while the EV to EBITDA ratio is 15.35, and the Price to Book Value is 6.84, indicating a premium valuation compared to its peers.
In comparison to its peers, PaySign, Inc. has a P/E ratio of 42.86, which is significantly higher than FONAR Corp.'s fair valuation P/E of 8.99. Additionally, Performant Financial Corp. shows a risky valuation with a P/E of -602.75, further highlighting the disparity in valuations within the sector. Despite the overvaluation, PaySign, Inc. has demonstrated strong stock performance, with a year-to-date return of 95.70%, significantly outpacing the S&P 500's return of 12.22% over the same period.