Is American Axle & Manufacturing Holdings, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for American Axle & Manufacturing Holdings, Inc. has moved from attractive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 10, an EV to EBITDA of 3.66, and a Price to Book Value of 0.91. In comparison, peer Luminar Technologies, Inc. has a P/E ratio of -0.37, indicating a significantly different valuation landscape.
The company's performance has lagged behind the S&P 500, with a YTD return of 6.69% compared to the index's 14.18%, and over the past three years, it has declined by 12.15% against the S&P 500's impressive 82.57% return. This underperformance reinforces the view that American Axle & Manufacturing Holdings, Inc. is fairly valued in the current market context.