Is Turtle Beach Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Turtle Beach Corp. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company appears undervalued, particularly given its P/E ratio of 14, which is significantly lower than the peer average of approximately 18.6, and a PEG ratio of just 0.03, suggesting strong growth potential relative to its price. Additionally, Turtle Beach's EV to EBITDA ratio stands at 7.03, which is competitive compared to peers like Hamilton Beach Brands, which has an EV to EBITDA of 5.49.
In terms of performance, Turtle Beach has struggled recently, with a year-to-date return of -16.64%, while the S&P 500 has gained 14.40% over the same period. This underperformance contrasts with its 3-year return of 70.37%, which is slightly below the S&P 500's 76.76%, highlighting a potential rebound opportunity. Overall, Turtle Beach's current valuation metrics suggest that it is an attractive investment relative to its peers and market conditions.