Is Benchmark Electronics, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Benchmark Electronics, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current metrics, with a P/E ratio of 23, a Price to Book Value of 1.24, and an EV to EBITDA of 8.45, which are all above industry norms. In comparison, Littelfuse, Inc. has a P/E of 30.08, and Advanced Energy Industries, Inc. has a significantly higher P/E of 43.33, further underscoring Benchmark's relative overvaluation.
Despite a strong recent performance with a 1-week return of 16.54% compared to the S&P 500's 1.70%, the year-to-date return of -7.67% against the S&P 500's 13.30% suggests that the stock may not sustain its recent momentum. Overall, the combination of high valuation ratios and recent underperformance relative to broader market indices supports the conclusion that Benchmark Electronics, Inc. is currently overvalued.