Is TTEC Holdings, Inc. overvalued or undervalued?

As of 8 May 2024, TTEC Holdings, Inc. has moved from a valuation grade of very expensive to risky, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a Price to Book Value of 1.57, an EV to EBITDA of 7.40, and a ROCE of 7.13%. In comparison, peers such as Omnicell, Inc. have a P/E ratio of 71.64 and an EV to EBITDA of 15.40, while MeridianLink, Inc. shows a P/E of -44.21 and an EV to EBITDA of 24.80.
The company's financial performance has been lackluster, with a negative ROE of -21.76% and a troubling trend in stock performance, showing a 1-year return of -30.30% compared to a 10.26% return for the S&P 500. This underperformance, coupled with the company's current valuation metrics, reinforces the conclusion that TTEC Holdings, Inc. is overvalued in the current market environment.