Is MSA Safety, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for MSA Safety, Inc. 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 ratio of 22.81, and a Price to Book Value of 8.63. In comparison, its peer, MSA Safety, Inc., has a higher P/E ratio of 38.57 and an EV to EBITDA of 23.90, indicating that MSA is competitively positioned within its industry.
Despite the fair valuation, MSA Safety, Inc. has underperformed against the S&P 500, with a one-year return of -4.79% compared to the S&P 500's 14.08%. This suggests that while the stock may be fairly valued, it has not delivered strong returns relative to the broader market.