Is Greif, Inc. overvalued or undervalued?

As of 5 June 2024, Greif, Inc. has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 19, a Price to Book Value of 2.40, and an EV to EBITDA of 10.25. In comparison, Ardagh Metal Packaging SA has a significantly higher P/E of 219.06, while O-I Glass, Inc. shows a lower P/E of 13.25, indicating a mixed competitive landscape.
Greif's return on capital employed (ROCE) stands at 10.24% and return on equity (ROE) at 12.63%, suggesting that the company is generating reasonable returns relative to its equity and capital. Recent stock performance shows Greif outperforming the S&P 500 over the past month with an 18.93% return compared to the S&P's 3.83%, reinforcing its current valuation stance.