Is VTEX (Cayman Islands) overvalued or undervalued?

As of 7 November 2025, the valuation grade for VTEX (Cayman Islands) moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 79, an EV to EBITDA of 60.46, and a PEG ratio of 0.25, indicating potential growth relative to its price.
In comparison to peers, VTEX's P/E ratio of 79 is lower than Model N, Inc. at 1182.69 but higher than Grid Dynamics Holdings, Inc. at 36.15, suggesting a mixed valuation landscape among competitors. Additionally, the PEG ratio of 0.25 indicates that VTEX may offer growth at a reasonable price compared to its peers. While specific return data is not available, the absence of a return comparison with the S&P 500 does not detract from the overall fair valuation assessment.