Is Hawkins, Inc. overvalued or undervalued?

As of 17 October 2025, Hawkins, Inc. has moved from a very expensive valuation to a fair valuation. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 33, a Price to Book Value of 6.12, and an EV to EBITDA of 18.51. In comparison, NewMarket Corp. has a more attractive P/E of 16.30, while Minerals Technologies, Inc. also shows a fair valuation with a P/E of 12.35.
Despite the recent decline in stock price, Hawkins, Inc. has demonstrated strong performance over longer periods, with a 3-year return of 297.52% compared to the S&P 500's 81.19%, indicating that while the stock may be experiencing short-term volatility, it has significantly outperformed the benchmark over the long term.