Is Avient Corp. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Avient Corp. has moved from expensive to very expensive, indicating a significant shift in its perceived value. Based on the current metrics, Avient appears to be overvalued, with a P/E ratio of 126, an EV to EBIT of 29.20, and an EV to EBITDA of 14.53. In comparison, Eastman Chemical Co. has a P/E of 15.68, and Element Solutions, Inc. has a P/E of 24.64, highlighting the disparity in valuation within the industry.
The company's recent stock performance further underscores this valuation concern, as it has underperformed relative to the S&P 500, with a year-to-date return of -19.75% compared to the index's 14.18%. This trend continues over one year, where Avient's return of -32.22% starkly contrasts with the S&P 500's 17.82%. Given these factors, Avient Corp. is positioned as an overvalued stock in the current market landscape.