Is Thryv Holdings, Inc. overvalued or undervalued?

As of 3 August 2023, Thryv Holdings, Inc. has moved from a fair to a risky valuation grade. The company appears to be overvalued based on its current metrics. Key ratios include a P/E ratio of 40, an EV to EBIT of 23.74, and an EV to EBITDA of 12.23, all of which are significantly higher than the industry averages.
In comparison with peers, Thryv's P/E ratio of 38.55 is notably high when juxtaposed with QuinStreet, Inc. at 357.48 and Clear Channel Outdoor Holdings, Inc. at -3.96, indicating that Thryv is trading at a premium despite its risky classification. Furthermore, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date decline of 17.09% compared to the index's 2.44% gain, reinforcing the notion that Thryv may be overvalued in the current market environment.