Is MRC Global, Inc. overvalued or undervalued?

As of 6 May 2025, the valuation grade for MRC Global, Inc. has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key financial ratios include a P/E ratio of 23, an EV to EBITDA of 11.13, and a Price to Book Value of 2.68, all of which suggest that the stock is trading at a premium compared to its earnings and assets.
In comparison to its peers, MRC Global, Inc. has a higher P/E ratio than Global Partners LP, which is very attractive at 11.39, and DNOW, Inc., which is fairly valued at 16.71. The disparity in these ratios highlights the overvaluation of MRC Global, Inc. Additionally, the company's recent stock performance shows a 1-year return of 5.69%, which lags behind the S&P 500's return of 10.26%, reinforcing the notion that the stock may not be a favorable investment at its current price level.