Is Belden, Inc. overvalued or undervalued?

As of 31 July 2025, the valuation grade for Belden, Inc. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company appears undervalued based on its current financial metrics, with a P/E ratio of 22, an EV to EBITDA of 13.97, and a Price to Book Value of 4.07. In comparison to peers, Belden's P/E ratio is lower than Lumentum Holdings, Inc. at 172.90, but higher than Encore Wire Corp. at 14.48, suggesting that while it is attractive, it still has room for growth relative to the industry.
Belden's recent performance has been strong, with a year-to-date return of 16.13%, outpacing the S&P 500's return of 12.22% over the same period. Additionally, over the past five years, Belden has achieved a remarkable return of 311.36%, significantly higher than the S&P 500's 96.61%, reinforcing the notion that the stock is undervalued in the current market.