Is nVent Electric Plc overvalued or undervalued?

As of 17 October 2025, the valuation grade for nVent Electric Plc 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 higher P/E ratio of 63.04 and an EV to EBITDA of 23.25, suggesting that nVent may be more reasonably priced within its industry.
The stock has performed well recently, with a year-to-date return of 45.73%, significantly outpacing the S&P 500's return of 13.30% over the same period. This strong performance, coupled with its fair valuation, suggests that while nVent Electric Plc is not undervalued, it has shown resilience and growth potential in a competitive market.