Is Perfect Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Perfect Corp. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 28, a Price to Book Value of 1.23, and a PEG Ratio of 0.57, indicating a reasonable valuation relative to its earnings growth potential.
In comparison to peers, Perfect Corp. has a higher P/E ratio than NerdWallet, Inc. at 14.42 and a significantly lower EV to EBITDA ratio than American Software, Inc. at 107.59. This suggests that while Perfect Corp. is not the cheapest option, it is positioned better than some of its riskier peers. Over the past year, Perfect Corp. has returned 4.89%, which is less than the S&P 500's return of 12.65%, indicating underperformance in the market context.