Is Modine Manufacturing Co. overvalued or undervalued?

As of 19 September 2025, the valuation grade for Modine Manufacturing Co. moved from expensive to fair. The company appears to be fairly valued based on its current financial 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 is priced reasonably relative to its earnings growth potential.
In comparison to its peers, Modine's P/E ratio of 25 is lower than that of John Bean Technologies Corp. at -236.68 and higher than ESAB Corp. at 24.12, indicating a competitive position within the industry. Additionally, while Modine's EV to EBITDA of 14.00 is in line with the industry, it is more favorable than some peers like Gates Industrial Corp. at 11.52. Notably, Modine has outperformed the S&P 500 with a year-to-date return of 30.45% compared to the index's 13.31%, reinforcing the narrative of its fair valuation amidst strong performance.