Is Wilhelmina International, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Wilhelmina International, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears to be overvalued based on its current P/E ratio of 21, which is significantly higher than the peer average P/E of approximately 18.70, and an EV to EBITDA ratio of 8.84, which is also elevated compared to its peers. Additionally, the PEG ratio of 0.25 suggests that the company's growth prospects may not justify its current valuation.
In comparison to its peers, Wilhelmina's ROE of 2.74% and ROCE of 5.97% are relatively low, further supporting the notion of overvaluation. Notably, the stock has underperformed against the S&P 500, with a year-to-date return of -22.54% compared to the index's positive return of 12.26%. This performance reinforces the view that the stock is currently overvalued.