Is MSA Safety, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for MSA Safety, Inc. has moved from very expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 36, an EV to EBITDA of 22.81, and a Price to Book Value of 8.63.
In comparison to its peer, MSA Safety, Inc. has a higher P/E ratio of 38.57, indicating that it is slightly more expensive than its peer group. The company's ROCE stands at a strong 26.27%, suggesting efficient capital use relative to its earnings. However, MSA Safety's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -0.42% compared to the S&P 500's 13.30%, highlighting a potential undervaluation in the context of broader market performance.