Is Modine Manufacturing Co. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Modine Manufacturing Co. has moved from fair to expensive. The company appears to be overvalued based on its current metrics. Key ratios include a P/E ratio of 25, a Price to Book Value of 5.67, and an EV to EBITDA of 14.00. In comparison, peers such as ESAB Corp. have a P/E of 24.12 and an EV to EBITDA of 14.88, while John Bean Technologies Corp. shows a P/E of -236.68, indicating significant valuation discrepancies within the industry.
Despite the overvaluation, Modine Manufacturing Co. has demonstrated strong performance, with a year-to-date return of 39.11%, significantly outpacing the S&P 500's return of 15.47% during the same period. This performance highlights the company's ability to generate returns, but the elevated valuation ratios suggest caution for potential investors.