Is Lantheus Holdings, Inc. overvalued or undervalued?

As of 30 August 2024, Lantheus Holdings, Inc. has moved from a fair to attractive valuation grade. The company appears to be undervalued based on its current metrics. The P/E ratio stands at 15, which is favorable compared to its peers, such as Bausch + Lomb Corp. with a P/E of -16.18 and QuidelOrtho Corp. at -24.49. Additionally, Lantheus shows a robust ROCE of 56.47% and ROE of 31.84%, indicating strong profitability relative to its equity and capital employed.
In terms of valuation ratios, Lantheus's EV to EBITDA is 10.33, which is competitive against the industry average, while its EV to Sales ratio of 3.43 further supports its attractive valuation. The company's recent stock performance has outpaced the S&P 500 over the past week and month, with returns of 3.84% and 9.41%, respectively, suggesting positive momentum that reinforces the undervaluation narrative.