Is Expro Group Holdings NV overvalued or undervalued?

As of 17 October 2025, the valuation grade for Expro Group Holdings NV has moved from very attractive to expensive, indicating a shift in market perception. The company appears overvalued, especially when considering its P/E ratio of 11, which is significantly lower than the industry average of approximately 15.19, and its EV to EBITDA ratio of 3.35, which also lags behind peers like Antero Resources Corp. at 8.49. Additionally, the PEG ratio stands at a remarkably low 0.01, suggesting that the stock may not be a good growth investment at its current price.
In comparison to its peers, Expro Group Holdings NV's valuation metrics are less favorable, with Ovintiv, Inc. classified as very expensive with a P/E of 6.38, while Magnolia Oil & Gas Corp. is considered fair with a P/E of 14.28. The company's recent stock performance has been mixed; while it outperformed the S&P 500 over the past week and month, it has significantly underperformed over the longer term, with a 1-year return of -27.17% compared to the S&P 500's 14.08%. This trend reinforces the notion that Expro Group Holdings NV is currently overvalued.