In the current market session, Galaxy Digital Inc. (NASDAQ:GLXY) stock price is at $32.13, after a 1.59% drop. However, over the past month, the company's stock increased by 29.31%, and in the past year, by 33.91%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.
<img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769014829_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Past Year Chart" width="600" height="600" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769014829_0.png"/>
<h3>Comparing Galaxy Digital P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Galaxy Digital has a lower P/E than the aggregate P/E of 60.01 of the Capital Markets industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 
<img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769014829_1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Guage" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769014829_1.png"/>
In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Galaxy Digital Inc. (NASDAQ:GLXY) stock is currently priced at $32.13, reflecting a 1.59% decline. Despite this, the stock has risen 29.31% over the past month and 33.91% over the past year. The company's P/E ratio is lower than the Capital Markets industry's average of 60.01, suggesting it may be undervalued. While a lower P/E can indicate potential undervaluation, it may also reflect a lack of expected future growth. Investors should consider the P/E ratio alongside other financial metrics for informed decisions.

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