Is Qualys, Inc. overvalued or undervalued?

As of 9 July 2025, the valuation grade for Qualys, Inc. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, especially when considering its strong financial metrics. Key ratios include a P/E ratio of 28, an EV to EBITDA of 22.19, and an impressive ROCE of 286.72%.
In comparison to its peers, Qualys, Inc. has a more favorable P/E ratio of 25.97 compared to Duolingo, Inc. at 104.90 and SPS Commerce, Inc. at 52.78, which are both considered expensive. Additionally, while the stock has underperformed against the S&P 500 year-to-date with a return of -3.17% compared to 12.22%, it has shown a solid 5-year return of 44.69%, suggesting potential for future growth.