Is Rumble, Inc. overvalued or undervalued?

As of 5 October 2023, Rumble, Inc. has moved from fair to attractive based on its recent performance and valuation metrics. The company appears to be undervalued at this time. Key ratios include a Price-to-Earnings (P/E) ratio of 15.2, a Price-to-Sales (P/S) ratio of 4.5, and a Price-to-Book (P/B) ratio of 2.1, which suggest a favorable valuation compared to its peers.
In comparison, peers such as YouTube (Alphabet Inc.) have a P/E ratio of 25.4, while Vimeo has a P/S ratio of 6.2. This indicates that Rumble, Inc. is trading at a significant discount relative to its competitors in the digital media space. Additionally, Rumble's stock performance has outpaced the Sensex recently, reinforcing the notion that it is undervalued and may present a compelling investment opportunity.