Is Expro Group Holdings NV overvalued or undervalued?

As of 10 October 2025, the valuation grade for Expro Group Holdings NV 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 P/E of 17.26 and Magnolia Oil & Gas Corp. shows a P/E of 14.28, indicating that Expro is trading at a discount relative to some of its competitors.
Despite the recent grade change, Expro has underperformed against the S&P 500 over multiple periods, with a 1Y return of -29.28% compared to the index's 13.36%. This suggests that while the valuation metrics indicate a fair valuation, the stock's performance may still raise concerns for potential investors.