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. The P/E ratio stands at 25, the EV to EBITDA ratio is 12.76, and the Price to Book Value is 2.48, indicating that the company's valuation is more aligned with its earnings and book value 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 favorable EV to EBITDA ratio of 15.86. Despite Materion Corp.'s fair valuation, its recent stock performance shows a 23.57% year-to-date return, outperforming the S&P 500's 16.45% return in the same period, suggesting a positive sentiment around the stock.