Is Orion Group Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Orion Group Holdings, Inc. has moved from very attractive to fair. The company appears to be overvalued based on its current valuation metrics. The P/E ratio stands at 124, significantly higher than the peer average of 28.58, while the EV to EBITDA ratio is 8.55, which is also elevated compared to peers like Bowman Consulting Group Ltd. at 22.73. Additionally, the PEG ratio of 0.79 suggests that the stock may not be priced favorably relative to its growth potential.
In comparison to its peers, Orion's valuation metrics indicate a premium, especially when contrasted with Concrete Pumping Holdings, Inc., which is categorized as very expensive with a P/E of 31.70. The company's recent stock performance shows a 46.19% return over the past year, outpacing the S&P 500's 14.08% return, which may suggest some investor optimism despite the high valuation ratios. Overall, the combination of high valuation ratios and the recent downgrade in the valuation grade suggests that Orion Group Holdings is overvalued at its current price of $8.26.