Is IES Holdings, Inc. overvalued or undervalued?

As of 7 July 2025, the valuation grade for IES Holdings, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics. Key valuation ratios include a P/E ratio of 23, an EV to EBITDA of 15.44, and a PEG ratio of 0.41, which suggests that the stock may not be significantly undervalued despite its strong performance.
In comparison with peers, IES Holdings, Inc. has a P/E ratio lower than Sterling Infrastructure, Inc. at 28.27 and Dycom Industries, Inc. at 28.01, both of which are also rated fair. The company's strong ROCE of 54.00% and ROE of 36.69% further support its solid operational performance. Notably, IES Holdings has outperformed the S&P 500 over multiple periods, with a year-to-date return of 87.85% compared to the index's 12.22%, reinforcing its competitive position in the market.