Is nVent Electric Plc overvalued or undervalued?

As of 17 October 2025, nVent Electric Plc's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be 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 ratio of 15.89. In comparison, peers such as Jabil, Inc. have a P/E of 63.04 and an EV to EBITDA of 23.25, suggesting that nVent Electric Plc is relatively more attractively priced within its industry.
The company's recent performance has outpaced the S&P 500, with a year-to-date return of 45.73% compared to the index's 13.30%, and a three-year return of 199.46% versus 81.19% for the S&P 500. This strong performance may support the current valuation, but the high P/E ratio indicates that the market may have already priced in significant growth expectations. Overall, nVent Electric Plc is fairly valued in the current market context.