Is Orion Group Holdings, Inc. overvalued or undervalued?

As of 29 April 2025, the valuation grade for Orion Group Holdings, Inc. has moved from risky to expensive, indicating a shift towards a more cautious outlook. The company is currently considered overvalued. Key ratios highlight this assessment: the P/E ratio stands at 124, significantly higher than the industry average, while the EV to EBITDA ratio is 8.55 and the Price to Book Value is 2.46.
In comparison to peers, Orion's P/E ratio of 116.94 is substantially elevated when contrasted with Argan, Inc., which has a P/E of 28.81, and Great Lakes Dredge & Dock Corp. at 11.30. Additionally, while Orion has shown strong returns over the past three years, outperforming the S&P 500, its recent one-year return of -5.74% suggests challenges ahead. Overall, these metrics reinforce the conclusion that Orion Group Holdings, Inc. is overvalued in the current market context.