Is Dycom Industries, Inc. overvalued or undervalued?

As of 22 August 2025, the valuation grade for Dycom Industries, Inc. has moved from expensive to fair, indicating a more favorable assessment of its market position. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 30, an EV to EBITDA of 14.52, and a Price to Book Value of 5.55, which suggest that while the company is not undervalued, it is also not excessively priced compared to its peers.
In comparison to its peers, Dycom Industries, Inc. has a P/E ratio of 28.01, which is lower than MasTec, Inc. at 57.22 and APi Group Corp. at 87.46, both of which are considered expensive. Additionally, TopBuild Corp. has a fair valuation with a P/E of 24.98, indicating that Dycom is competitively positioned within its industry. Notably, Dycom has outperformed the S&P 500 with a year-to-date return of 55.53% compared to the index's 12.22%, reinforcing its positive valuation outlook.