Is Apogee Enterprises, Inc. overvalued or undervalued?

As of 27 June 2025, the valuation grade for Apogee Enterprises, Inc. has moved from fair to expensive, indicating that the company is overvalued. The current P/E ratio stands at 9, while the industry average P/E is lower, exemplified by peers such as American Woodmark Corp. with a P/E of 7.10. Additionally, Apogee's EV to EBITDA ratio is 6.31, which is higher than its own historical averages, suggesting a premium valuation compared to its earnings potential.
With a Price to Book Value of 1.74 and a Dividend Yield of 2.68%, the company's financial metrics do not support its current price of $41.99, especially when considering its recent performance against the S&P 500, where it has underperformed significantly year-to-date with a return of -41.20% compared to the index's 4.96%. Overall, Apogee Enterprises appears to be overvalued based on its financial ratios and peer comparisons.