Is H.B. Fuller Co. overvalued or undervalued?

As of 7 May 2025, H.B. Fuller Co. has moved from an expensive to a very expensive valuation grade. The company is currently overvalued. Key ratios include a P/E ratio of 16, a Price to Book Value of 1.71, and an EV to EBITDA of 9.79. In comparison, its peer CSW Industrials, Inc. has a P/E of 34.91, while WD-40 Co. shows a significantly higher P/E of 56.65, indicating that H.B. Fuller Co. is priced at a premium relative to its peers despite its lower growth metrics.
The company's return metrics also highlight its underperformance, with a year-to-date decline of 16.75% compared to a 2.44% increase in the S&P 500, reinforcing the notion that the stock is not only overvalued but also struggling in the current market environment.