Is IES Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for IES Holdings, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, including a P/E ratio of 23, an EV to EBITDA of 15.44, and a PEG ratio of 0.41. In comparison to peers, IES Holdings has a lower P/E ratio than Sterling Infrastructure, Inc. at 28.27 and Dycom Industries, Inc. at 28.01, indicating a more attractive valuation relative to its competitors.
The company's strong performance is further highlighted by its impressive return figures, with a year-to-date return of 92.18% compared to the S&P 500's 13.30%. This substantial outperformance reinforces the notion that IES Holdings is well-positioned within its industry.