Is Orion Group Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Orion Group Holdings, Inc. moved from very attractive to fair, indicating a shift in market perception. The company appears to be overvalued based on its high P/E ratio of 124, a price to book value of 2.46, and an EV to EBIT of 31.67, which are significantly above industry norms. In comparison, peers like Bowman Consulting Group Ltd. have a P/E of 81.27 and EV to EBITDA of 22.73, while Concrete Pumping Holdings, Inc. is considered very expensive with a P/E of 31.70.
Despite the lack of recent return data, the company's current valuation metrics suggest it is not positioned favorably against its peers, reinforcing the notion that it is overvalued in the current market.