Is Modine Manufacturing Co. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Modine Manufacturing Co. moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 25, an EV to EBITDA of 14.00, and a PEG ratio of 1.38. In comparison, peers such as ESAB Corp. have a P/E of 24.12 and an EV to EBITDA of 14.88, while Crane NXT Co. shows a P/E of 24.21 and an EV to EBITDA of 14.75, indicating that Modine's valuation is competitive within its industry.
Additionally, Modine has demonstrated strong performance, with a year-to-date return of 32.66%, significantly outperforming the S&P 500's return of 13.30% during the same period. This performance reinforces the notion that the stock is fairly valued relative to its growth potential and market conditions.