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

As of 30 June 2025, H.B. Fuller Co. has moved from an expensive to a very expensive valuation grade. The company appears overvalued given its current metrics, particularly with a P/E ratio of 16, a Price to Book Value of 1.71, and an EV to EBITDA of 9.79. In comparison, Axalta Coating Systems Ltd. has a P/E of 19.81 and a fair valuation, while CSW Industrials, Inc. shows a much higher P/E of 32.31, indicating that H.B. Fuller Co. is priced higher than some peers despite its lower growth prospects.
Recent stock performance highlights the overvaluation, as H.B. Fuller Co. has returned -24.18% over the past year compared to the S&P 500's 17.14%, suggesting a significant underperformance relative to the broader market. This trend reinforces the notion that the stock is not only overvalued but also struggling to keep pace with its benchmarks.