Is NACCO Industries, Inc. overvalued or undervalued?

As of 8 September 2025, the valuation grade for NACCO Industries, Inc. moved from expensive to very attractive. The company appears undervalued based on its current metrics. The P/E ratio stands at 16, significantly lower than the peer Hallador Energy Co. at 34.23, and the Price to Book Value is 0.92, indicating the stock is trading below its book value. Additionally, the EV to EBITDA ratio of -28.01 suggests that the company is undervalued relative to its earnings potential.
In comparison to its peers, SunCoke Energy, Inc. has a P/E ratio of 8.93 and an EV to EBITDA of 4.44, reinforcing the attractiveness of NACCO's valuation. The company has outperformed the S&P 500 with a year-to-date return of 44.50% compared to the index's 12.22%, and over the past year, it has returned 65.67% against the S&P 500's 17.14%. This strong performance further supports the conclusion that NACCO Industries, Inc. is currently undervalued.