Is Victory Capital Holdings, Inc. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Victory Capital Holdings, Inc. has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 16, an EV to EBITDA of 9.30, and a PEG ratio of 0.43, which suggests that the stock may not be undervalued given its current market position.
In comparison to its peers, Victory Capital's P/E ratio of 15.76 is lower than Hamilton Lane, Inc. at 39.27, indicating that Hamilton Lane is considered expensive, while Main Street Capital Corp. is very attractive with a P/E of 10.99. Additionally, the company's recent stock performance shows a 1-year return of 27.34%, outpacing the S&P 500's return of 17.14%, which reinforces its competitive standing in the market.