Is nVent Electric Plc overvalued or undervalued?

As of 17 October 2025, the valuation grade for nVent Electric Plc 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 to peers, nVent Electric's P/E ratio is lower than Jabil, Inc.'s at 63.04, but higher than its own industry average, suggesting it is positioned competitively yet not exceptionally.
Despite the fair valuation, nVent Electric has shown strong performance, with a year-to-date return of 45.73%, significantly outperforming the S&P 500's return of 13.30% over the same period. This performance, alongside a robust dividend yield of 86.15% and a return on capital employed (ROCE) of 14.15%, reinforces the company's solid standing in the market. Overall, while nVent Electric is fairly valued, its strong returns and competitive ratios suggest it remains an attractive option for investors.