Is AMETEK, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for AMETEK, Inc. moved from attractive to very attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued, particularly when considering its P/E ratio of 34, which is slightly better than the peer average of 35.06 for AMETEK and significantly higher than Hubbell, Inc.'s 27.44. Additionally, AMETEK's EV to EBITDA ratio stands at 22.29, which is also higher than its peers, suggesting that it may be undervalued relative to its earnings potential.
In comparison to its peers, AMETEK's PEG ratio of 4.40 is higher than Hubbell's 2.09, indicating that while it has growth potential, it may be priced at a premium compared to its growth rate. The company's dividend yield of 55.69% is notably high, further enhancing its attractiveness to investors. Over the past year, AMETEK's stock returned 3.88%, underperforming the S&P 500's 12.65%, which may suggest a buying opportunity given its valuation metrics.