Is Lindsay Corp. overvalued or undervalued?

As of 3 April 2025, the valuation grade for Lindsay Corp. has moved from expensive to fair, indicating a shift in its perceived market value. The company is currently fairly valued, with a P/E ratio of 33, an EV to EBITDA of 23.97, and a PEG ratio of 2.64. In comparison to its peers, Lindsay Corp. has a higher P/E ratio than Terex Corp., which stands at 14.35, but is lower than Arcosa, Inc., which is considered very expensive with a P/E of 39.12.
Lindsay Corp. demonstrates strong financial performance with a ROCE of 19.27% and a ROE of 14.88%. Despite its fair valuation, the company has outperformed the S&P 500 over the past year with a return of 19.85% compared to the index's 10.26%. This performance, along with its competitive ratios, suggests that Lindsay Corp. is positioned well within its industry.