Is Materion Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Materion Corp. has moved from fair to very expensive, indicating a significant shift in its valuation outlook. The company appears overvalued based on its current metrics. Key ratios include a P/E ratio of 25, a Price to Book Value of 2.48, and an EV to EBITDA of 12.76, all of which suggest that the stock is trading at a premium compared to its peers.
In comparison to its peers, Nova Ltd. has a higher P/E ratio of 34.30, while Itron, Inc. shows a more attractive valuation with a P/E of 20.02. Materion's PEG ratio of 7.30 also indicates that growth expectations may be overly optimistic relative to its earnings growth potential. Additionally, while Materion has shown a YTD return of 17.43%, it lags behind the S&P 500's return of 14.40% over the same period, further reinforcing the notion of overvaluation.