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 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 ratio of 3.35. In comparison, peers such as Antero Resources Corp. have a higher P/E ratio of 17.26, while Magnolia Oil & Gas Corp. shows a P/E of 14.28, suggesting that Expro Group is not competitively priced within its industry.
The stock has underperformed against the S&P 500 over the year, with a return of -27.17% compared to the index's 14.08%. This trend reinforces the notion that Expro Group Holdings NV is currently overvalued, as it struggles to deliver returns that align with broader market performance.