Is Modine Manufacturing Co. overvalued or undervalued?

As of 20 May 2025, the valuation grade for Modine Manufacturing Co. moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 25, an EV to EBITDA of 14.00, and a PEG ratio of 1.38, which suggest that the company's valuation is aligned with its earnings growth potential.
In comparison to peers, Modine's P/E ratio of 25 is lower than John Bean Technologies Corp.'s risky valuation of -236.68, but higher than ESAB Corp.'s fair valuation of 24.12. Additionally, Modine's EV to EBITDA of 14.00 is competitive, especially when compared to Gates Industrial Corp. Plc's very expensive valuation of 27.60. Notably, Modine has significantly outperformed the S&P 500, with a YTD return of 36.78% compared to the S&P 500's 12.22%, reinforcing its favorable valuation outlook.