Is MasterBrand, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for MasterBrand, Inc. has moved from attractive to very expensive, indicating a significant shift in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 11, which is lower than its peer HNI Corp. at 13.40, and an EV to EBITDA ratio of 7.03, which is higher than La-Z-Boy, Inc. at 4.57. Additionally, the Price to Book Value stands at 1.01, suggesting that the market is pricing the company at a premium relative to its book value.
In comparison to its peers, MasterBrand, Inc. has a lower P/E ratio than HNI Corp. and Leggett & Platt, Inc., which further supports the notion of overvaluation. The company's stock has underperformed against the S&P 500, with a year-to-date return of -12.73% compared to the index's 13.30%, and a one-year return of -33.11% versus 14.08% for the S&P 500, reinforcing the valuation concerns.