Is LSI Industries, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for LSI Industries, Inc. moved from expensive to fair, indicating a shift in perception regarding its market value. Based on the current metrics, the company appears fairly valued. Key ratios include a P/E ratio of 21, a Price to Book Value of 2.25, and an EV to EBITDA of 11.86, which suggest that the company is positioned reasonably within its industry.
In comparison to peers, LSI Industries has a lower P/E ratio than Quanex Building Products Corp., which stands at 26.26, indicating that LSI may offer better value relative to earnings. Additionally, the EV to EBITDA ratio for LSI is more favorable than the industry average, which is reflected in its fair valuation status. Although specific return data is not available, the lack of significant outperformance against the S&P 500 may further support the notion that the stock is fairly valued at this time.