Is Dana, Inc. overvalued or undervalued?

As of 31 July 2024, Dana, Inc. has moved from a valuation grade of very expensive to risky, indicating a shift in its perceived value. The company is currently considered overvalued. Key ratios include a P/E ratio of 68, a Price to Book Value of 1.97, and an EV to EBITDA of 15.08, all of which suggest that the stock is trading at a premium compared to its earnings and assets.
In comparison with peers, Dana's P/E ratio of 68 is significantly higher than Adient plc's 8.68 and Fox Factory Holding Corp.'s 39.38, highlighting its overvaluation relative to these companies. Additionally, Dana's PEG ratio stands at 2.70, further indicating that its growth prospects may not justify its current price. While Dana has outperformed the S&P 500 year-to-date with a return of 46.19% versus 2.44%, this performance does not negate the concerns surrounding its high valuation metrics.