Is TriplePoint Venture Growth BDC Corp. overvalued or undervalued?

As of 6 November 2024, the valuation grade for TriplePoint Venture Growth BDC Corp. has moved from risky to very attractive, indicating a significant improvement in its investment appeal. The company is currently considered undervalued, with a P/E ratio of 8, a Price to Book Value of 0.83, and an impressive EV to EBIT of 3.72. Additionally, the PEG Ratio stands at a remarkably low 0.04, suggesting that the stock is trading at a substantial discount relative to its growth potential.
In comparison to its peers, TriplePoint Venture Growth BDC Corp. outperforms Trinity Capital, Inc., which has a P/E of 7.23 and an EV to EBITDA of 4.69, and Fidus Investment Corp. with a P/E of 8.87 and an EV to EBITDA of 5.73. The company's dividend yield of 1592.98% further underscores its attractiveness in the current market. Despite a challenging year with a YTD return of -9.35%, the recent valuation metrics and peer comparisons strongly suggest that TriplePoint Venture Growth BDC Corp. is positioned as an undervalued opportunity in the market.