Is U.S. Global Investors, Inc. overvalued or undervalued?

As of 8 September 2025, the valuation grade for U.S. Global Investors, Inc. has moved from attractive to risky, indicating a shift in perception regarding its investment potential. The company appears to be overvalued, particularly given its high P/E ratio of 39, which is significantly above the industry average, and a negative EV to EBIT of -5.95, suggesting operational inefficiencies. Additionally, the Price to Book Value stands at 0.84, which is below 1, indicating that the stock may be trading at a discount relative to its book value.
In comparison to its peers, U.S. Global Investors, Inc. has a higher P/E ratio than Village Farms International, Inc. at -68.42 and a significantly worse EV to EBITDA ratio than Silver Spike Investment Corp. at 7.05. The company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of 4.92% compared to 12.22% for the index, and a 3-year return of -16.61% versus 70.41% for the S&P 500, reinforcing the notion that the stock is currently overvalued.