Is Apogee Enterprises, Inc. overvalued or undervalued?

As of 18 July 2025, the valuation grade for Apogee Enterprises, Inc. has moved from expensive to very expensive, indicating a significant shift in its valuation outlook. The company is currently overvalued, with a P/E ratio of 9, a Price to Book Value of 1.74, and an EV to EBITDA of 6.31. In comparison, peers such as SPX Technologies, Inc. have a P/E of 45.73, while Tecnoglass, Inc. shows a more attractive EV to EBITDA of 12.02, highlighting Apogee's relative overvaluation within its industry.
The stock has underperformed against the S&P 500, with a year-to-date return of -40.36% compared to the index's 12.22%. This underperformance, coupled with the very expensive valuation grade, reinforces the conclusion that Apogee Enterprises, Inc. is currently overvalued.