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 strong positive shift in its valuation outlook. Based on the current metrics, the company appears to be undervalued. Key ratios include a P/E ratio of 34, an EV to EBITDA of 22.29, and a PEG ratio of 4.40, which suggest that the stock may be priced favorably compared to its earnings growth potential.
In terms of peer comparison, AMETEK, Inc. has a P/E ratio of 35.0642, while Hubbell, Inc. stands at 27.4421, highlighting that AMETEK is relatively more expensive but may justify this with its growth prospects. Despite its recent performance, where AMETEK's stock returned 3.71% over the past year compared to the S&P 500's 12.65%, the long-term outlook remains promising, as evidenced by a 70.04% return over the last five years, albeit lagging behind the S&P 500's 91.73%.