Is Integer Holdings Corp. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Integer Holdings Corp. has moved from expensive to very expensive, indicating a significant concern regarding its current pricing relative to its fundamentals. The company appears overvalued based on its high P/E ratio of 45, a Price to Book Value of 2.63, and an EV to EBITDA of 15.31, all of which are substantially higher than its peers. For instance, Sanmina Corp., a peer, has a P/E of 39.80 and an EV to EBITDA of 22.21, suggesting that Integer Holdings Corp. is trading at a premium compared to its industry counterparts.
Additionally, Integer Holdings Corp. has underperformed relative to the S&P 500, with a year-to-date return of -21.48% compared to the index's 12.22%. This trend reinforces the notion that the stock may be overvalued, as it has not delivered competitive returns despite its high valuation metrics.