Is National Presto Industries, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for National Presto Industries, Inc. has moved from attractive to very attractive, indicating a strong improvement in its valuation outlook. The company appears to be undervalued given its P/E ratio of 16, which is significantly lower than the peer average of approximately 18.88, and a PEG ratio of 0.50, suggesting that the stock is priced favorably relative to its growth potential. Additionally, the EV to EBITDA ratio of 12.48 further supports the notion of undervaluation compared to its peers.
In comparison to its industry counterparts, National Presto's valuation metrics are compelling; for instance, Kratos Defense & Security Solutions has a P/E of 594.28, and Mirion Technologies has a P/E of 280.92, both indicating a premium over National Presto. Despite recent underperformance in the short term, with a 1-week return of -3.09% compared to the S&P 500's 1.70%, the company has delivered a robust 1-year return of 42.56%, significantly outpacing the S&P 500's 14.08%. Overall, these factors suggest that National Presto Industries, Inc. is currently undervalued in the market.