Is Gencor Industries, Inc. overvalued or undervalued?

As of 17 October 2025, Gencor Industries, Inc. has moved from an attractive to a fair valuation grade. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 13, an EV to EBITDA of 5.22, and a PEG ratio of 0.37, which suggest that while the company is not undervalued, it is not significantly overvalued either.
In comparison to its peers, Douglas Dynamics, Inc. has a more attractive P/E of 11.82, while The Manitowoc Co., Inc. also shows a favorable P/E of 8.08. Despite Gencor's fair valuation, its recent stock performance has lagged behind the S&P 500, with a year-to-date return of -22.15% compared to the index's 13.30%, indicating potential challenges ahead.