Is Cactus, Inc. overvalued or undervalued?

As of 12 September 2025, the valuation grade for Cactus, Inc. has moved from expensive to fair. Based on the current metrics, the company appears fairly valued. 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, peers such as NOV, Inc. have a P/E of 10.22, while Weatherford International plc shows a P/E of 7.99, indicating that Cactus, Inc. is positioned relatively well within its industry.
Despite its fair valuation, Cactus, Inc. has underperformed against the S&P 500 in recent periods, with a year-to-date return of -29.37% compared to the S&P 500's 12.22%. This trend is further highlighted by a one-year return of -32.10% against the S&P 500's 17.14%, suggesting that while the stock may be fairly valued, it is currently facing significant market challenges.