Is MISTRAS Group, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for MISTRAS Group, Inc. has moved from very attractive to expensive, indicating a shift in its perceived value. The company appears overvalued based on its current metrics, with a P/E ratio of 11, which is significantly lower than its peer average of approximately 15.68, and an EV to EBITDA ratio of 5.60 compared to peers like Bowman Consulting Group Ltd. at 22.73. Additionally, the PEG ratio stands at a low 0.30, suggesting that the stock may not be justified at its current price given its growth prospects.
In comparison to its peers, MISTRAS Group's valuation metrics indicate a challenging position, particularly when contrasted with companies like Orion Group Holdings, Inc., which has a P/E of 28.58 and an EV to EBITDA of 6.49, suggesting a more favorable valuation. Furthermore, while MISTRAS has shown strong returns over the longer term, with a 5-year return of 144.22%, it has underperformed the S&P 500 over the past year, returning -22.83% compared to the index's 14.08%. This underperformance reinforces the notion that MISTRAS Group, Inc. is currently overvalued.