Paysafe Ltd. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 71.9 percent . After falling another 44.7 percent in the past five days, investors may be wondering whether there’s any value to be found in Paysafe shares. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value. For comparison, the S&P 500’s PE is currently at about 29.4, nearly double its long-term average of 15.9. Paysafe doesn’t currently have a PE ratio because the company is not profitable. In the most recent quarter, Paysafe reported a $147.2 million net loss. Growth Looking ahead to the next four quarters, the S&P 500’s forward PE ratio looks much more reasonable at just 21.6. Paysafe’s forward earnings multiple of 38.5 is still nearly 80 percent higher than the S&P 500’s, making …