Is Axcelis Technologies, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Axcelis Technologies, Inc. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued, supported by a P/E ratio of 11, an EV to EBITDA ratio of 7.31, and a Price to Book Value of 1.99, all of which suggest that the stock may be trading below its intrinsic value compared to peers.
In comparison to its industry peers, Axcelis Technologies has a significantly lower P/E ratio than Woodward, Inc. at 42.20 and Graco, Inc. at 29.51, which are both considered expensive. Additionally, MKS Instruments, Inc. and The Middleby Corp., both rated attractive, have higher P/E ratios of 23.90 and 18.12, respectively. Notably, Axcelis has demonstrated strong returns, outperforming the S&P 500 over the 1-week (11.93% vs. 1.05%) and 1-month (19.73% vs. 2.33%) periods, although it lagged over the 1-year period (-1.21% vs. 17.14%).