Is Envista Holdings Corp. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Envista Holdings Corp. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company is currently considered undervalued, supported by a P/E ratio of 73, an EV to EBITDA of 13.83, and a Price to Book Value of 1.05. In comparison to peers, QIAGEN NV has a P/E of 24.20, while Masimo Corp. shows a significantly higher P/E of 179.74, reinforcing Envista's relative attractiveness.
Despite the positive valuation outlook, Envista's recent stock performance has lagged behind the S&P 500, with a year-to-date return of 9.02% compared to the index's 12.22%. Over the past three years, the stock has declined by 38.69%, while the S&P 500 has gained 70.41%, highlighting the need for cautious optimism regarding its future performance.