Is Apogee Enterprises, Inc. overvalued or undervalued?

As of 25 April 2025, Apogee Enterprises, Inc. has moved from an expensive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 9, an EV to EBITDA of 6.31, and a Price to Book Value of 1.74, which indicate a reasonable valuation relative to its earnings and asset base.
In comparison to peers, Apogee's P/E ratio of 9 is higher than American Woodmark Corp.'s P/E of 7.10, suggesting that while Apogee is fairly valued, it is still priced at a premium compared to some competitors. Additionally, Apogee's ROE stands at 19.55%, showcasing strong profitability relative to its equity. Notably, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -44.97% compared to the index's 2.44%, reinforcing the notion that the stock may have been oversold, leading to its current fair valuation.