Is Benchmark Electronics, Inc. overvalued or undervalued?

As of 17 October 2025, Benchmark Electronics, Inc. has moved from an attractive to a very expensive valuation grade. The company appears to be overvalued based on its current metrics, which include a P/E ratio of 23, a Price to Book Value of 1.24, and an EV to EBITDA of 8.45. In comparison to its peers, Littelfuse, Inc. has a higher P/E of 30.08, while Plexus Corp. shows a significantly higher EV to EBITDA of 24.95, indicating that Benchmark may not justify its current price relative to its competitors.
Despite a strong short-term performance with a 1-week return of 16.54% compared to the S&P 500's 1.70%, the longer-term outlook is less favorable, with a year-to-date return of -7.67% versus the S&P 500's 13.30%. This suggests that while the stock may be experiencing short-term gains, its overall valuation does not align with its performance relative to the broader market.