Is Mayville Engineering Co., Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Mayville Engineering Co., Inc. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 83, an EV to EBITDA of 7.89, and a Price to Book Value of 1.28.
In comparison to peers, Ichor Holdings Ltd. has a P/E of -31.41, indicating significant risk, while Eastman Kodak Co. shows a more attractive P/E of 9.22. Mayville's valuation metrics suggest it is positioned reasonably within its industry, especially when compared to peers with more extreme valuations. Although specific return data is not available, the absence of significant outperformance against the S&P 500 reinforces the notion that the stock is fairly valued at this time.