Is Ball Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Ball Corp. moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 39, a Price to Book Value of 6.19, and an EV to EBITDA of 22.19. In comparison to peers, Avery Dennison Corp. has a P/E of 28.96, while Crown Holdings, Inc. boasts a more attractive P/E of 20.36, indicating that Ball Corp. is priced higher relative to some competitors in the packaging industry.
Despite the fair valuation, Ball Corp.'s stock has underperformed significantly against the S&P 500, with a year-to-date return of -12.33% compared to the index's 13.30%. Over the past year, the stock has declined by 27.66%, while the S&P 500 gained 14.08%, further highlighting the disconnect between the company's valuation and its market performance.