Is Perfect Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Perfect Corp. has moved from attractive to expensive, indicating a shift towards overvaluation. The company appears to be overvalued based on its key ratios, including a P/E ratio of 28, a Price to Book Value of 1.23, and a PEG Ratio of 0.57. In comparison to peers, Perfect Corp. has a higher P/E ratio than NerdWallet, Inc. at 14.42, but significantly lower than American Software, Inc. at 167.83.
Recent performance shows that while Perfect Corp. outperformed the S&P 500 over the past week with a return of 3.19% compared to 1.70%, it has significantly underperformed over longer periods, with a year-to-date return of -31.45% versus the S&P 500's 13.30%. This trend reinforces the notion that Perfect Corp. is currently overvalued.