Is MISTRAS Group, Inc. overvalued or undervalued?

As of 7 November 2025, MISTRAS Group, Inc. has moved from a fair to an expensive valuation grade. The company is currently overvalued based on its financial metrics. Key ratios include a P/E ratio of 11, an EV to EBITDA of 5.60, and a Price to Book Value of 1.21, which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, MISTRAS Group's P/E ratio of 15.68 is significantly higher than that of Bowman Consulting Group Ltd., which has a P/E of 81.27, indicating a stark contrast in valuation perspectives. Additionally, Concrete Pumping Holdings, Inc. is categorized as very expensive with a P/E of 31.70, further illustrating the relative valuation challenges MISTRAS faces. Despite its recent stock performance, with a year-to-date return of 32.67% compared to the S&P 500's 14.40%, the valuation metrics suggest that MISTRAS Group, Inc. is not justified at its current price level.