Is Apogee Enterprises, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Apogee Enterprises, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current metrics, with a P/E ratio of 9, a Price to Book Value of 1.74, and an EV to EBITDA ratio of 6.31. In comparison to peers, Apogee's P/E ratio is significantly lower than that of SPX Technologies, Inc. at 45.73 and Simpson Manufacturing Co., Inc. at 26.38, suggesting that while Apogee is currently priced lower, its valuation is still deemed excessive within its industry context.
The recent stock performance further reinforces this valuation perspective, as Apogee has seen a year-to-date return of -46.79%, contrasting sharply with the S&P 500's positive return of 13.30% over the same period. This significant underperformance, coupled with the company's current valuation metrics, supports the conclusion that Apogee Enterprises, Inc. is overvalued.