Is AZZ, Inc. overvalued or undervalued?

As of 22 July 2025, the valuation grade for AZZ, Inc. has moved from fair to attractive, indicating a positive shift in its valuation outlook. Based on the current metrics, AZZ, Inc. appears to be undervalued. The company has a P/E ratio of 22, a Price to Book Value of 2.71, and an EV to EBITDA ratio of 11.45, which are relatively favorable compared to its peers. For instance, Lumentum Holdings, Inc. is considered expensive with a P/E of 172.90, while Encore Wire Corp. has an attractive valuation with a P/E of 14.48.
In terms of recent performance, AZZ, Inc. has outperformed the S&P 500 with a year-to-date return of 42.37% compared to the S&P 500's 12.22%, reflecting strong market confidence in the company's prospects. Overall, these factors suggest that AZZ, Inc. is positioned well in its industry and presents a compelling investment opportunity.