Is Moog, Inc. overvalued or undervalued?

As of 21 November 2025, Moog, Inc. has moved from a fair to attractive valuation grade. The company appears to be overvalued based on its current metrics, with a P/E ratio of 38, a Price to Book Value of 5.13, and an EV to EBITDA of 21.75. In comparison, peers such as Textron, Inc. have a P/E of 17.37 and EV to EBITDA of 14.32, while Leonardo DRS, Inc. shows a higher P/E of 43.14 but a lower EV to EBITDA of 26.25, indicating that Moog's valuation is on the higher end relative to its industry.
Despite its attractive grade change, Moog's stock has underperformed the S&P 500 over the past year, with a return of -2.52% compared to the index's 11.00%. However, over the last three years, Moog has significantly outperformed the S&P 500 with a return of 142.16% versus 67.17%. This mixed performance suggests that while the company has potential, its current valuation may not be justified given the competitive landscape.