Is Ecolab, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Ecolab, Inc. has moved from very expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 42, an EV to EBITDA of 28.65, and a PEG ratio of 1.18, indicating that while the stock is priced at a premium, it is not excessively so compared to its growth prospects.
In comparison to peers, Linde Plc has a more attractive P/E ratio of 35.69 and an EV to EBITDA of 21.54, while Air Products & Chemicals, Inc. is considered expensive with a P/E of 15.89. Ecolab's recent stock performance shows a year-to-date return of 18.11%, outperforming the S&P 500's return of 13.30% for the same period, suggesting a positive market sentiment towards the stock.