Is NACCO Industries, Inc. overvalued or undervalued?

As of 17 October 2025, NACCO Industries, Inc. has moved from a fair to attractive valuation grade, indicating a shift towards being undervalued. The company appears to be undervalued based on its P/E ratio of 16, which is significantly lower than the peer average of 19.39 for NACCO and 34.23 for Hallador Energy Co. Additionally, the Price to Book Value stands at 0.92, suggesting that the stock is trading below its book value, while the EV to Sales ratio of 1.64 further supports the attractiveness of the valuation.
In comparison to its peers, SunCoke Energy, Inc. has a lower P/E of 8.93 and a more favorable EV to EBITDA of 4.44, reinforcing the notion that NACCO may be undervalued relative to its industry. Over the past year, NACCO has delivered a return of 58.13%, outperforming the S&P 500's return of 14.08%, which highlights its strong performance and potential for further appreciation.