Is Ball Corp. overvalued or undervalued?

As of 14 August 2025, the valuation grade for Ball Corp. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 39, an EV to EBITDA of 22.19, and a PEG ratio of 0.93. In comparison to its peers, Avery Dennison Corp. has a P/E of 28.96, while Crown Holdings, Inc. shows a more attractive P/E of 20.36, indicating that Ball Corp. is positioned relatively well within its industry.
However, the stock has underperformed significantly against the S&P 500, with a year-to-date return of -10.76% compared to the S&P 500's 12.22%. Over the past five years, Ball Corp. has seen a decline of -40.64%, while the S&P 500 has gained 96.61%, reinforcing the notion that the stock may be fairly valued but is currently struggling in the market.