Is Advanced Energy Industries, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Advanced Energy Industries, Inc. moved from expensive to very expensive. The company is overvalued based on its current financial metrics. Key ratios include a P/E ratio of 41, an EV to EBITDA of 25.01, and a Price to Book Value of 3.72, all indicating a premium valuation compared to its peers. For instance, Littelfuse, Inc. has a P/E of 30.08, while Universal Display Corp. boasts a more attractive P/E of 28.20.
In terms of recent performance, Advanced Energy Industries, Inc. has significantly outperformed the S&P 500, with a year-to-date return of 46.80% compared to the index's 12.22%. This strong performance, however, does not mitigate the overvaluation indicated by its high valuation ratios relative to its peers.