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 perceived value. The company appears to be fairly valued based on its P/E ratio of 11.90, which is competitive compared to its industry peers, such as a peer with a P/E of 7.11. Additionally, the EV to EBITDA ratio stands at 7.11, further supporting the assessment of its valuation relative to the industry.
In terms of performance, Innovex International has shown a YTD return of 25.63%, significantly outperforming the S&P 500's return of 13.30% during the same period. However, over the longer term, the company has underperformed, with a 3-year return of -16.79% compared to the S&P 500's 81.19%. Overall, Innovex International is fairly valued at this time, reflecting its current market position and performance metrics.