Is Avient Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Avient Corp. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 126, a Price to Book Value of 1.97, and an EV to EBITDA of 14.53. In comparison, Eastman Chemical Co. has a more attractive P/E of 15.68, while Element Solutions, Inc. also shows a fair valuation with a P/E of 24.64.
Despite the recent grade change, Avient Corp. has underperformed against the S&P 500, with a year-to-date return of -23.25% compared to the index's 13.30%. This underperformance, particularly over longer periods, suggests caution despite the current fair valuation.