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 is currently overvalued based on its valuation metrics. The P/E ratio stands at 39, which is significantly lower than its peer Jabil, Inc. at 63.04, while the EV to EBITDA ratio of 15.89 is also below the industry average of 22.46. Additionally, the Price to Book Value is 3.10, indicating a premium over its book value.
In terms of returns, nVent Electric Plc has outperformed the S&P 500, with a year-to-date return of 64.85% compared to the S&P 500's 16.30%. This strong performance may suggest investor confidence, but the high valuation ratios indicate that the stock may not be a prudent investment at current levels.