Is Pitney Bowes, Inc. overvalued or undervalued?

As of 3 August 2023, the valuation grade for Pitney Bowes, Inc. has moved from very attractive to risky, indicating a shift in perception regarding its market position. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 13, an EV to EBITDA of 12.51, and a PEG ratio of 0.01, which suggests that the stock may not be justified at its current price given its growth prospects.
In comparison to its peers, Pitney Bowes has a P/E ratio of 13.46, while Maplebear, Inc. is at 22.40, indicating that Pitney Bowes is trading at a discount relative to a more attractive competitor. Additionally, GXO Logistics, Inc. and Hub Group, Inc. are considered very expensive with P/E ratios of 29.58 and 25.53, respectively. Despite the company's strong recent performance, with a year-to-date return of 60.22% compared to the S&P 500's 12.22%, the valuation metrics suggest that Pitney Bowes is not a compelling investment at this time.