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

As of 5 August 2025, the valuation grade for Hyster-Yale Materials Handling, Inc. has moved from attractive to expensive, indicating a shift towards overvaluation. The company is currently considered overvalued, with a P/E ratio of 6, which is significantly lower than its peer average of 15.05, and an EV to EBITDA ratio of 4.09 compared to the industry average of 4.88. Additionally, the Price to Book Value stands at 1.43, suggesting that the stock may not be justified at its current price level.
In comparison with peers, Energy Recovery, Inc. has a P/E ratio of 31.92, highlighting the disparity in valuation metrics within the industry. Furthermore, Hyster-Yale's recent stock performance shows a year-to-date return of -25.45%, which starkly contrasts with the S&P 500's positive return of 12.22% during the same period, reinforcing the notion that the stock may be overvalued at this time.