Is Materion Corp. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Materion Corp. has moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 25, an EV to EBITDA of 12.76, and a Price to Book Value of 2.48. Comparatively, peers such as Nova Ltd. have a higher P/E ratio of 34.30, while Onto Innovation, Inc. shows a lower EV to EBITDA of 13.94, indicating that Materion is positioned reasonably within its industry.
In terms of stock performance, Materion Corp. has outperformed the S&P 500 with a year-to-date return of 23.50% compared to the index's 12.22%. This strong performance, coupled with its fair valuation, suggests that the stock is currently a solid investment opportunity.