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

As of 17 October 2025, the valuation grade for H.B. Fuller Co. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 16, which is significantly lower than its peer average of approximately 19.57, and its EV to EBITDA ratio of 9.79, which is also below the industry benchmark. Additionally, the PEG ratio stands at 1.21, suggesting that the stock may not be growing fast enough to justify its current price.
In comparison to its peers, Axalta Coating Systems Ltd. has a P/E of 19.81 and an EV to EBITDA of 9.89, while CSW Industrials, Inc. shows a much higher P/E of 32.31, indicating that H.B. Fuller Co. is lagging behind in terms of valuation metrics. Furthermore, the stock has underperformed against the S&P 500 over multiple periods, with a year-to-date return of -12.85% compared to the S&P 500's 13.30%, reinforcing the notion of overvaluation.