Is Apogee Enterprises, Inc. overvalued or undervalued?

As of 17 October 2025, Apogee Enterprises, Inc. has moved from an attractive to a very expensive valuation grade. The company appears overvalued based on its current metrics, including 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 significantly higher P/E ratio of 45.73, while Tecnoglass, Inc. shows a more favorable EV to EBITDA of 12.02, indicating that Apogee's valuation is not justified relative to its industry.
The company's recent stock performance has been poor, with a year-to-date return of -46.79%, significantly underperforming the S&P 500's return of 13.30% over the same period. This stark contrast reinforces the notion that Apogee Enterprises, Inc. is currently overvalued in the market.