Is Hillenbrand, Inc. overvalued or undervalued?

As of 7 August 2024, Hillenbrand, Inc. has moved from a valuation grade of very expensive to risky. The company is currently considered undervalued, with a P/E ratio of 15, which is lower than its peer Franklin Electric Co., Inc. at 20.97 and Newell Brands, Inc. at 12.55. Additionally, Hillenbrand's EV to EBITDA stands at 6.71, compared to Franklin's 12.50, indicating a more favorable valuation relative to earnings before interest, taxes, depreciation, and amortization.
Despite a challenging performance against the S&P 500, with a year-to-date return of -37.49% versus the index's 2.44%, Hillenbrand's financial metrics suggest potential for recovery. The company's ROCE is 10.45% and ROE is 7.58%, reflecting reasonable returns on capital and equity. Overall, the current valuation appears attractive given the company's ratios and peer comparisons, suggesting that it may be a good opportunity for investors looking for value.