Is nVent Electric Plc overvalued or undervalued?

As of 1 August 2025, the valuation grade for nVent Electric Plc has moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears fairly valued based on its current metrics, with a P/E ratio of 39, a Price to Book Value of 3.10, and an EV to EBITDA of 15.89. In comparison, peers such as Jabil, Inc. have a significantly higher P/E ratio of 63.04, suggesting that nVent may offer a more attractive valuation relative to its competitors.
The company's recent performance has been impressive, with a year-to-date return of 44.73%, significantly outpacing the S&P 500's return of 12.22% over the same period. This strong performance reinforces the notion that nVent Electric Plc is fairly valued in the current market environment.