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. Based on the current metrics, the company appears undervalued, particularly with a P/E ratio of 23, a PEG ratio of 0.41, and an impressive ROCE of 54.00%. In comparison to peers, Sterling Infrastructure, Inc. has a higher P/E of 28.27, while Dycom Industries, Inc. shows a P/E of 28.01, indicating that IES Holdings is trading at a discount relative to these competitors.
The company's stock has significantly outperformed the S&P 500, with a year-to-date return of 100.41% compared to the index's 12.26%, and an impressive three-year return of 1118.98% versus 67.17% for the S&P 500. This strong performance reinforces the notion that IES Holdings, Inc. is currently undervalued in the market.