Is Talkspace, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Talkspace, Inc. has moved from very attractive to attractive, indicating a shift in its perceived value. The company appears to be overvalued given its high P/E ratio of 188, significantly above the peer average of 156.07, and an EV to EBITDA ratio of -170.31, which suggests inefficiencies in generating earnings relative to its enterprise value. Additionally, the PEG ratio stands at 1.51, indicating that the stock may not be priced appropriately in relation to its growth expectations.
In comparison to its peers, Talkspace, Inc. is notably more expensive than Fulgent Genetics, Inc., which has a P/E of -21.28, and Enhabit, Inc., which has a P/E of 12.80. This stark contrast highlights the potential overvaluation of Talkspace relative to its industry. While specific return data is not available, the lack of recent performance metrics against the S&P 500 adds to the uncertainty surrounding its current valuation.