Right now, EW is overpriced by about 30 percent based on its PEG ratio.
PEG has nothing to do with the term 'overpriced'. You don't know what you are talking about. You take a concept, price to earnings growth and misuse it for your own purpose.
Compare with AMZN LNKD NFLX and many others. Stock prices are not that simple to calculate. I agree with you!
One can come up with any of the following statements: It's priced just right, it's overpriced, it's underpriced and all because (insert your reason(s) and you will be a genius if it turns out that way.