Is IES Holdings, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for IES Holdings, Inc. moved from fair to very attractive. The company appears to be undervalued based on its strong performance metrics, including a P/E ratio of 23, a PEG ratio of 0.41, and a high ROCE of 54.00%. In comparison to peers, Sterling Infrastructure, Inc. has a P/E of 28.27 and a PEG of 0.35, while Dycom Industries, Inc. shows a P/E of 28.01 and a PEG of 3.12, indicating that IES Holdings offers more value at its current price.
The company's recent stock performance has significantly outpaced the S&P 500, with a year-to-date return of 84.71% compared to the index's 12.26%. This strong performance, coupled with its attractive valuation ratios, reinforces the conclusion that IES Holdings, Inc. is undervalued in the current market.