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. The company appears to be fairly valued based on its current metrics. 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 also not overvalued relative to its earnings potential.
In comparison to its peers, Douglas Dynamics, Inc. has a more attractive P/E ratio of 11.82, while The Manitowoc Co., Inc. shows a P/E of 8.08, indicating that Gencor's valuation is in line with its industry but not the most favorable. Over the past year, Gencor's stock has declined by 35.52%, significantly underperforming the S&P 500's return of 14.08%, reinforcing the notion that the stock may not be positioned for immediate growth.