Is Expro Group Holdings NV overvalued or undervalued?

As of 19 September 2025, the valuation grade for Expro Group Holdings NV has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 11, a Price to Book Value of 0.69, and an EV to EBITDA of 3.35. In comparison to peers, Antero Resources Corp. has a higher P/E of 17.26, while Magnolia Oil & Gas Corp. shows a P/E of 14.28, indicating that Expro Group is positioned more attractively within its industry.
Despite the fair valuation, Expro Group has underperformed against the S&P 500 across multiple periods, with a one-year return of -33.33% compared to the S&P 500's 16.64%. This significant underperformance may warrant caution despite the fair valuation metrics.