Is MISTRAS Group, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for MISTRAS Group, Inc. moved from fair to expensive. The company appears to be overvalued based on its current 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 indicate a premium compared to its peers. For instance, Bowman Consulting Group Ltd. has a significantly higher P/E ratio of 81.27, while Concrete Pumping Holdings, Inc. is deemed very expensive with a P/E of 31.70.
In terms of performance, MISTRAS Group, Inc. has outperformed the S&P 500 over various periods, with a year-to-date return of 44.26% compared to the S&P 500's 14.40%. However, despite these strong returns, the current valuation suggests that the stock is not a favorable investment at this time.