Is Innovex International, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Innovex International, Inc. has moved from very attractive to attractive, indicating a shift in perception. The company appears to be undervalued, with a P/E ratio of 11.90, which is lower than the industry average, and an EV to EBITDA ratio of 7.11, suggesting it is trading at a discount compared to its peers. Notably, the company has no PEG ratio available, and its valuation metrics indicate potential for growth relative to its current pricing.
In comparison to peers, Innovex International, Inc. is positioned favorably against other companies in the oil industry, such as a competitor with a higher P/E ratio, indicating that Innovex may offer better value. Over the past year, Innovex has returned 12.86%, slightly underperforming the S&P 500's return of 14.08%, but it has outperformed the index year-to-date with a return of 25.63% compared to 13.30%. This performance, coupled with its attractive valuation ratios, reinforces the notion that Innovex is undervalued in the current market.