Is MRC Global, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for MRC Global, Inc. has moved from fair to very expensive, indicating that the stock is overvalued. The company exhibits a P/E ratio of 23, a Price to Book Value of 2.68, and an EV to EBITDA of 11.13, which are significantly higher than its peers, such as Sunoco LP with a P/E of 26.68 and an EV to EBITDA of 11.19. This suggests that MRC Global is trading at a premium compared to its industry counterparts.
In terms of recent performance, MRC Global's stock has returned 4.15% year-to-date, which is notably lower than the S&P 500's return of 13.30% over the same period. Additionally, over the past three years, MRC Global has achieved a return of 46.75%, while the S&P 500 has outperformed with a return of 81.19%. Overall, the high valuation ratios and underperformance relative to the benchmark indicate that MRC Global, Inc. is overvalued.