Is Talkspace, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Talkspace, Inc. moved from expensive to very attractive. The company appears to be undervalued, particularly when considering its P/E ratio of 188, which is significantly higher than its peer Fulgent Genetics, Inc. at -21.28, and its EV to EBITDA ratio of -170.31, which is also worse than the peer average. Additionally, the PEG ratio stands at 1.51, indicating potential growth relative to its valuation.
In comparison to its peers, Talkspace, Inc. shows a stark contrast with Fulgent Genetics, which has a P/E of -21.28, and Enhabit, Inc. with a P/E of 12.80. Despite recent stock performance showing a 1-year return of 15.97% compared to the S&P 500's 17.82%, the 3-year return of 170.59% against the S&P 500's 82.57% suggests that Talkspace has outperformed its benchmark over a longer horizon, reinforcing the attractiveness of its current valuation.