Is Qualys, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Qualys, Inc. has moved from fair to attractive, indicating a more favorable assessment of its value. The company appears to be undervalued, particularly when considering its strong return metrics and competitive position. 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 when compared to Duolingo, Inc. at 104.90 and SPS Commerce, Inc. at 52.78, suggesting that it is more reasonably priced relative to its earnings potential. Additionally, while the stock has underperformed against the S&P 500 in recent periods, with a year-to-date return of -9.71% compared to the index's 13.30%, it has shown a positive return of 24.58% over the past five years, indicating potential for recovery and growth.