Is Thryv Holdings, Inc. overvalued or undervalued?

As of 3 August 2023, the valuation grade for Thryv Holdings, Inc. has moved from expensive to risky, indicating a shift in perception regarding its valuation. The company appears to be overvalued, as evidenced by its P/E ratio of 40, which significantly exceeds the industry average, and an EV to EBITDA ratio of 12.23, suggesting that investors are paying a premium for its earnings. Additionally, the Price to Book Value stands at 5.01, further supporting the notion of overvaluation.
In comparison to its peers, Thryv Holdings has a P/E of 31.42, which is higher than that of Clear Channel Outdoor Holdings, Inc. at -5.67 and Advantage Solutions, Inc. at -10.24, both of which are also rated as risky. Notably, IBEX Ltd., rated as attractive, has a much lower P/E of 10.62, highlighting the disparity in valuations within the sector. Furthermore, Thryv's stock has underperformed against the S&P 500 across multiple time frames, with a year-to-date return of -15.47% compared to the S&P 500's 12.22%, reinforcing the view that the stock is overvalued.