Is Materion Corp. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Materion Corp. moved from fair to very expensive. The company appears overvalued based on its current valuation metrics. Key ratios include a P/E ratio of 25, an EV to EBITDA of 12.76, and a PEG ratio of 7.30, all of which suggest that the stock is trading at a premium compared to its earnings growth potential.
In comparison to peers, Materion Corp. has a higher P/E ratio than Nova Ltd. at 34.30 and Itron, Inc. at 20.02, indicating that it is priced significantly higher relative to its earnings. Additionally, while Materion's YTD return of 18.80% outperformed the S&P 500's 12.26%, its longer-term performance over 10 years shows a stark contrast, with a return of 95.26% compared to the S&P 500's 216.06%. This discrepancy reinforces the notion that Materion may be overvalued in the current market context.