Is Atkore, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Atkore, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time, with 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 is lower than that of Acuity Brands, Inc. at 38.19 and significantly lower than Lumentum Holdings, Inc. at 172.90, suggesting that Atkore may be undervalued relative to these companies.
Despite its fair valuation, Atkore's recent performance shows a mixed picture; while it outperformed the S&P 500 over the past week and month with returns of 5.83% and 9.03% respectively, it has underperformed significantly year-to-date and over the past year, with returns of -21.87% and -26.44%. This contrast in short-term performance versus longer-term trends may indicate potential for recovery, but the overall valuation suggests that the stock is currently fairly valued.