Is nVent Electric Plc overvalued or undervalued?

As of 31 October 2025, the valuation grade for nVent Electric Plc moved from fair to expensive. The company appears to be overvalued based on its current metrics, including 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 significantly lower than Jabil, Inc.'s 63.04, indicating a potential overvaluation relative to the industry.
The recent stock performance shows that nVent Electric has outperformed the S&P 500, with a year-to-date return of 67.77% compared to the S&P 500's 16.30%. This strong performance may not be sustainable given the high valuation ratios, suggesting that the stock may be priced for perfection.