Is Atkore, Inc. overvalued or undervalued?

As of 17 October 2025, Atkore, Inc. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Notable ratios include a P/E ratio of 7, an EV to EBITDA of 4.88, and a Price to Book Value of 1.64. In comparison to peers, Atkore's P/E ratio of 8.34 is lower than that of Acuity Brands, Inc. at 38.19, indicating that Atkore may be undervalued relative to some competitors, while it is higher than Lumentum Holdings, Inc. which has a P/E of 172.90, suggesting it is less expensive than this peer.
Despite recent performance showing a YTD return of -21.87% compared to the S&P 500's 13.30%, the 5-year return of 173.95% indicates strong long-term growth potential. This mixed performance suggests that while Atkore may be currently fairly valued, its historical returns reflect a capacity for significant appreciation.