Is Tactile Systems Technology, Inc. overvalued or undervalued?

As of 15 August 2025, Tactile Systems Technology, Inc. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 14, an EV to EBITDA of 6.49, and a Price to Book Value of 1.14, which suggest that the company is priced in line with its earnings and asset values compared to its peers.
In comparison to its peers, Tactile Systems has a P/E ratio of 19.84, which is significantly higher than CareDx, Inc.'s very attractive valuation with a P/E of -27.91, indicating that Tactile is relatively better valued among its peers. However, it is important to note that the company has experienced a year-to-date return of -17.75%, contrasting with the S&P 500's positive return of 12.22%, indicating underperformance relative to the broader market.