Is Eltek Ltd. overvalued or undervalued?

As of 17 October 2025, Eltek Ltd. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key valuation ratios include a P/E ratio of 19, an EV to EBITDA of 10.46, and a Price to Book Value of 1.63. In comparison, Vishay Precision Group, Inc. has a significantly higher P/E ratio of 21.90, while the industry average remains unspecified.
Eltek's recent stock performance shows a 3-year return of 201.26%, significantly outperforming the S&P 500's return of 81.19% over the same period, indicating strong historical growth relative to the benchmark. However, the current valuation suggests that the stock is neither undervalued nor overvalued, aligning closely with its peers in the electronics and appliances sector.