Is Nordson Corp. overvalued or undervalued?

As of 25 April 2025, the valuation grade for Nordson Corp. has moved from very expensive to expensive, indicating a slight improvement in its perceived value. Despite this change, the company is still considered overvalued. Key ratios include a P/E ratio of 46, an EV to EBITDA of 28.50, and a Price to Book Value of 6.99, all of which are significantly higher than industry averages.
In comparison to its peers, Nordson Corp. has a P/E ratio of 45.68, which is higher than Trane Technologies Plc at 37.47 and Parker-Hannifin Corp. at 33.82, both of which are categorized as expensive and fair, respectively. The company's recent stock performance shows a decline of 7.91% over the past year, contrasting with a 10.26% gain in the S&P 500, further reinforcing the notion that Nordson Corp. is overvalued in the current market environment.