Is Bel Fuse, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Bel Fuse, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 24, an EV to EBITDA of 16.31, and a Price to Book Value of 3.37. In comparison to peers, TTM Technologies, Inc. is very expensive with a P/E of 45.23, while Camtek Ltd. is attractive with a P/E of 30.24, indicating that Bel Fuse is competitively positioned within its industry.
The stock has significantly outperformed the S&P 500, with a year-to-date return of 83.06% compared to the index's 12.22%, and a one-year return of 117.32% versus 17.14%. This strong performance reinforces the notion that Bel Fuse is fairly valued given its growth potential and current market positioning.