Is MasterBrand, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for MasterBrand, Inc. has moved from very expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 11, a Price to Book Value of 1.01, and an EV to EBITDA of 7.03. In comparison, HNI Corp. has a P/E of 13.40, while Leggett & Platt, Inc. shows a more attractive P/E of 12.32, indicating that MasterBrand is positioned competitively within its industry.
Despite its fair valuation, MasterBrand has experienced significant negative returns, with a year-to-date decline of 30.53% compared to a 12.26% gain in the S&P 500, reflecting underperformance in the broader market context.