Is Modine Manufacturing Co. overvalued or undervalued?

As of 22 May 2025, Modine Manufacturing Co. has moved from an expensive to a fair valuation grade. The company is currently fairly valued. Key ratios include a P/E ratio of 25, an EV to EBITDA of 14.00, and a ROE of 22.68%.
In comparison to its peers, Modine's P/E ratio of 25.10 is more favorable than John Bean Technologies Corp., which has a risky valuation with a P/E of -1053.09, and Gates Industrial Corp. Plc, which is very expensive with a P/E of 22.68. Notably, Modine's strong ROCE of 25.87% indicates efficient capital use. Recent stock performance shows a 1-week return of 1.38%, outperforming the S&P 500's -0.13% return, reinforcing the company's fair valuation status.