Jul. 1 at 5:12 PM
$PGY B.Riley estimates that Pagaya is 7.9 times the price-to-earnings ratio based on its earnings estimate per forward GAAP share of
$2.10. The company stated that this represents a discount compared to the peer group of fintech platforms, which deal with an average price/earnings ratio of 18 times the 2027 forecasts. The PEG ratio of the stock of 0.12 suggests a significant underestimation compared to the growth prospects.
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