Is Mueller Industries, Inc. overvalued or undervalued?

As of 22 April 2025, the valuation grade for Mueller Industries, Inc. has moved from attractive to very attractive, indicating a positive shift in its valuation outlook. The company is currently considered undervalued, with a P/E ratio of 16, a PEG ratio of 0.91, and an impressive ROCE of 43.65%. In comparison, peers such as RBC Bearings, Inc. exhibit a significantly higher P/E ratio of 48.07, while Valmont Industries, Inc. has a P/E of 24.92, highlighting Mueller's relative valuation advantage.
Additionally, Mueller's EV to EBITDA stands at 11.22, which is more favorable than the industry average, further supporting the undervaluation thesis. The company's recent stock performance has outpaced the S&P 500, with a 1-year return of 38.25% compared to the index's 10.26%, reinforcing the notion that the stock may still have room for growth despite its current valuation status.