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. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 11, which is significantly lower than the peer average of 15.68, while the EV to EBITDA ratio of 5.60 also suggests a premium compared to peers like Bowman Consulting Group Ltd. with an EV to EBITDA of 22.73. Additionally, the PEG ratio of 0.30 indicates that the stock may be overvalued relative to its growth prospects.
In comparison to its peers, MISTRAS Group, Inc. is positioned unfavorably, especially against Bowman Consulting Group Ltd. and Orion Group Holdings, Inc., which have P/E ratios of 81.27 and 28.58, respectively. The recent performance of MISTRAS Group, Inc. against the S&P 500 is not available, but the shift in valuation grade suggests a potential disconnect between market expectations and the company's fundamentals.