Is Rimini Street, Inc. overvalued or undervalued?

As of 16 May 2017, the valuation grade for Rimini Street, Inc. moved from does not qualify to risky, indicating a shift in perception regarding its investment potential. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 9, which is lower than the peer average of 12.04 for similar companies. Additionally, the EV to EBITDA ratio stands at 5.42, while its PEG ratio is notably low at 0.54, suggesting that the stock may not be priced appropriately given its growth prospects.
In comparison to its peers, MediaAlpha, Inc. has a P/E of 14.78, and OneSpan, Inc. is considered attractive with a P/E of 9.89, highlighting that Rimini Street's valuation is less favorable. Furthermore, while Rimini Street has shown impressive returns over the past year at 162.78%, it has underperformed the S&P 500 over the same period, which returned 17.14%. This discrepancy reinforces the notion that the stock may be overvalued relative to its growth and market performance.