Is Materion Corp. overvalued or undervalued?

As of 28 November 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. When compared to peers, Nova Ltd. has a higher P/E ratio of 34.30, while Itron, Inc. shows a more favorable EV to EBITDA of 15.86, indicating that Materion is positioned competitively within its industry.
In terms of recent performance, Materion Corp. has outperformed the S&P 500 over the year with a return of 5.69% compared to the index's 14.18%. However, over the longer term, the company has lagged behind the S&P 500 in both the 3-year and 10-year returns, suggesting a mixed performance outlook. Overall, Materion Corp. is fairly valued based on its current financial metrics and competitive positioning.