Is Lindsay Corp. overvalued or undervalued?

As of 3 April 2025, Lindsay Corp. has moved from expensive to fair in valuation. The company is fairly valued based on its current metrics. Key ratios include a P/E ratio of 33, an EV to EBITDA of 23.97, and a Price to Book Value of 4.97. In comparison to peers, Lindsay Corp. has a higher P/E ratio than BorgWarner, Inc. at 11.57 and AGCO Corp. at 14.36, indicating a premium valuation relative to these companies.
Despite its fair valuation, Lindsay Corp. has underperformed against the S&P 500 over the 3-year and 5-year periods, with returns of -6.60% and 43.83%, respectively, compared to the S&P 500's 70.41% and 96.61%. However, it has shown a strong year-to-date return of 19.31%, outperforming the S&P 500's 12.22%, which may suggest potential for future growth.