Is Enpro, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Enpro, Inc. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, as evidenced by its high P/E ratio of 45, which is substantially above the industry average, and an EV to EBITDA ratio of 17.07. Additionally, the PEG ratio stands at 0.94, suggesting that despite some growth potential, the stock price may not justify its earnings growth.
In comparison to peers, Enpro's P/E ratio of 52.48 is notably higher than that of ESAB Corp., which has a P/E of 24.12 and is rated as fair. Another peer, Badger Meter, Inc., has a P/E of 50.53 and is also classified as fair. Furthermore, Enpro's recent stock performance has outpaced the S&P 500, with a year-to-date return of 32.66% compared to the S&P 500's 13.30%, reinforcing the notion that while the stock has performed well, its current valuation may not be sustainable.