Is ChampionX Corp. overvalued or undervalued?

As of 4 April 2025, ChampionX Corp. has moved from a fair to attractive valuation grade, indicating a shift in market perception. The company is currently considered undervalued, with a P/E ratio of 15, which is lower than its peer Westlake Corp. at 20.43 and Avantor, Inc. at 11.53. Additionally, ChampionX's EV to EBITDA stands at 6.70, while Westlake's is 6.62, further supporting its competitive positioning.
Notably, ChampionX boasts a robust ROCE of 23.78% and a high dividend yield of 157.03%, which enhances its attractiveness compared to peers. Despite recent stock performance trailing the S&P 500, particularly over the past year with a decline of 22.56% versus the index's gain of 10.26%, the underlying fundamentals suggest that ChampionX Corp. is poised for potential upside as it aligns more closely with its attractive valuation.