Is Daktronics, Inc. overvalued or undervalued?

As of 25 March 2025, the valuation grade for Daktronics, Inc. has moved from very expensive to fair, indicating a shift in its perceived value. The company is currently fairly valued. Key ratios include a P/E ratio of 23, an EV to EBIT of 11.63, and an EV to EBITDA of 8.73. In comparison to peers, TriMas Corp. is considered very expensive with a P/E of 40.97, while Omega Flex, Inc. is fairly valued with a P/E of 19.31.
Daktronics, Inc. has demonstrated strong performance with a ROCE of 28.64% and a ROE of 11.20%. Recent stock performance shows that over the past year, Daktronics has outperformed the S&P 500, returning 38.84% compared to the index's 10.26%. This positive return reinforces the company's fair valuation in the current market context.