Is IDEX Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for IDEX Corp. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued based on its P/E ratio of 32, which is significantly higher than the peer average of 29.59, and an EV to EBITDA ratio of 20.22 compared to the peer average of 17.87. Additionally, the Price to Book Value stands at 4.20, further supporting the notion of overvaluation in the context of its industry.
In terms of peer comparison, IDEX Corp. shows a higher P/E and EV to EBITDA ratio than its peers, suggesting that investors are paying a premium for its earnings relative to similar companies. Notably, the company's recent performance has been underwhelming, with a year-to-date return of -20.54%, contrasting sharply with the S&P 500's return of 13.30% over the same period, which reinforces the perception of overvaluation.