Is Avient Corp. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Avient Corp. has moved from expensive to very expensive, indicating a significant concern regarding its current pricing. Based on the metrics provided, Avient appears to be overvalued, especially when considering its P/E ratio of 126, which is substantially higher than peers like Eastman Chemical Co. at 15.68 and Element Solutions, Inc. at 24.64. Additionally, the EV to EBITDA ratio stands at 14.53, which also suggests a premium compared to the industry standards.
In comparison to its peers, Avient's valuation metrics highlight its overvaluation, particularly when juxtaposed with the industry average. The company's return performance has been notably poor, with a year-to-date return of -20.14%, significantly lagging behind the S&P 500's return of 15.47% over the same period. This underperformance reinforces the notion that Avient Corp. is not only overvalued but also struggling to deliver returns in line with broader market expectations.