Is Materion Corp. overvalued or undervalued?

As of 7 November 2025, Materion Corp. has moved from a fair to a very expensive valuation grade. The company appears overvalued based on its current metrics, with a P/E ratio of 25, a Price to Book Value of 2.48, and an EV to EBITDA of 12.76. In comparison to peers, Nova Ltd. has a higher P/E of 34.30 and a PEG ratio of 0.67, while Itron, Inc. shows a more attractive valuation with a P/E of 20.02 and an EV to EBITDA of 15.86.
Despite a strong 5-year return of 122.69%, which outperformed the S&P 500's 91.73%, the recent 1-month decline of 6.89% against a slight gain of 0.21% for the S&P 500 suggests a potential correction in Materion's stock price. Overall, the valuation metrics indicate that Materion Corp. is currently overvalued relative to its peers and market performance.