Is Rimini Street, Inc. overvalued or undervalued?

As of 16 May 2017, the valuation grade for Rimini Street, Inc. has moved from does not qualify to risky, indicating a shift in the perceived stability and potential of the company. Based on the analysis, Rimini Street appears to be undervalued. The company has a P/E ratio of 9, an EV to EBIT of 5.87, and a PEG ratio of 0.54, which suggests that the stock may be trading at a discount relative to its earnings growth potential.
In comparison to its peers, Rimini Street's P/E ratio of 8.96 is significantly lower than Solaris Oilfield Infrastructure, Inc., which is considered very expensive with a P/E of 52.87, and Blend Labs, Inc., which also carries a risky valuation with a P/E of -21.48. Despite the recent underperformance against the S&P 500, where Rimini Street has shown a YTD return of 17.60% compared to the index's 2.44%, the fundamental ratios indicate that the stock may still hold value for investors looking for opportunities in a challenging market.