Is ASGN Incorporated overvalued or undervalued?

As of 13 November 2024, ASGN Incorporated's valuation grade has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 15, while the industry average P/E is approximately 14.13, indicating that ASGN is in line with its peers. Additionally, the EV to EBITDA ratio is 9.36, which is competitive when compared to Workiva, Inc., which has a risky valuation with an EV to EBITDA of -52.68.
ASGN's Price to Book Value is 1.30, and it shows a ROCE of 9.36% and a ROE of 8.81%. While the company has underperformed against the S&P 500 over various time frames, including a year-to-date decline of 41% compared to a 2.44% increase in the index, the current valuation suggests that it is not overvalued. Overall, ASGN Incorporated appears to be fairly valued in the current market context.