Is Hyster-Yale Materials Handling, Inc. overvalued or undervalued?

As of 18 February 2025, Hyster-Yale Materials Handling, Inc. has moved from an attractive to a fair valuation grade. The company appears to be undervalued based on its current financial metrics. Key ratios include a P/E ratio of 6, an EV to EBITDA of 3.50, and a Price to Book Value of 1.43, which suggest that the stock is trading at a lower valuation compared to its peers.
In comparison to its peers, ACM Research, Inc. has a P/E ratio of 12.14, while The Gorman-Rupp Co. stands at 21.65, indicating that Hyster-Yale is significantly undervalued relative to these companies. Additionally, the company's return on equity (ROE) is a strong 22.17%, further supporting the notion that it is undervalued. Despite recent underperformance against the S&P 500, particularly over the past year with a decline of 45.34%, the fundamental metrics suggest potential for recovery and growth.