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

As of 17 October 2025, the valuation grade for Hyster-Yale Materials Handling, Inc. has moved from attractive to expensive, indicating that the company is overvalued. The P/E ratio stands at 6, which is significantly lower than the peer average of 15.05, while the EV to EBITDA ratio is 3.50 compared to the industry average of 4.88. Additionally, the Price to Book Value is 1.43, suggesting that the stock is trading at a premium relative to its book value.
In comparison to its peers, Energy Recovery, Inc. is considered fairly valued with a P/E of 31.92, highlighting the disparity in valuation metrics. Kornit Digital Ltd. and Ichor Holdings Ltd. are classified as risky, further emphasizing Hyster-Yale's relative position in the market. Over the past year, Hyster-Yale has underperformed the S&P 500, with a return of -47.43% compared to the index's 14.08%, reinforcing the notion that the stock may be overvalued at its current price.