Is Cactus, Inc. overvalued or undervalued?

As of 30 April 2025, Cactus, Inc. has moved from an expensive to a fair valuation grade. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 15, an EV to EBITDA of 9.19, and a Price to Book Value of 3.29.
In comparison to its peers, Cactus, Inc. has a P/E ratio that is lower than Archrock, Inc. at 20.63, which is considered very expensive, while Liberty Energy, Inc. is also fairly valued with a P/E of 10.92. Notably, Cactus, Inc. has a strong ROCE of 38.66% and a high dividend yield of 113.47%, which may attract investors despite recent stock performance lagging behind the S&P 500 over the past year.