Is Perfect Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Perfect Corp. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 28, while the Price to Book Value is 1.23, and the PEG Ratio is notably low at 0.57, indicating potential for growth relative to its earnings.
In comparison to peers, Perfect Corp. has a higher P/E ratio than NerdWallet, Inc., which is at 14.42, and significantly lower than American Software, Inc., which has a P/E ratio of 167.83. The EV to EBITDA ratio of Perfect Corp. is -16.40, suggesting challenges in profitability compared to its peers. Although specific return data is not available, the recent performance against the S&P 500 should be considered in the context of these valuation metrics.