Is Core & Main, Inc. overvalued or undervalued?

As of 9 September 2025, the valuation grade for Core & Main, Inc. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued based on its valuation metrics, with a P/E ratio of 27, an EV to EBITDA of 15.38, and a Price to Book Value of 6.93. In comparison to peers, Core & Main's P/E ratio is lower than Pool Corp.'s 30.46 and higher than WESCO International's 20.94, suggesting it offers a more appealing valuation relative to these competitors.
Additionally, Core & Main has demonstrated strong returns, particularly over the three-year period, with a return of 116.32% compared to the S&P 500's 70.41%. This performance reinforces the notion that the stock may be undervalued, especially in light of its attractive valuation metrics and competitive positioning within the industry.