Is Enerpac Tool Group Corp. overvalued or undervalued?

As of 2 May 2024, the valuation grade for Enerpac Tool Group Corp. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 36, an EV to EBITDA of 23.55, and a PEG ratio of 1.66. In comparison to peers, Modine Manufacturing Co. has a P/E of 36.40, while Mueller Water Products, Inc. has a significantly lower EV to EBITDA of 14.47, indicating that Enerpac is priced similarly to its peers but may not offer a compelling value proposition.
In terms of stock performance, Enerpac has underperformed the S&P 500 over the past year, returning 3.16% compared to the index's 17.14%, suggesting that the market may not fully recognize its value at this time.