Is Modine Manufacturing Co. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Modine Manufacturing Co. has 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, which suggest that the company's valuation is reasonable compared to its earnings growth prospects.
In comparison to peers, Modine's P/E ratio of 25 is lower than John Bean Technologies Corp.'s risky valuation of -236.68 and higher than ESAB Corp.'s fair P/E of 24.12. Additionally, the EV to EBITDA ratio of 14.00 is competitive when compared to the industry average, indicating a solid position within its sector. Notably, Modine has significantly outperformed the S&P 500 over the last three and five years, with returns of 954.80% and 2056.94%, respectively, reinforcing its attractiveness as an investment.