Is Perimeter Solutions SA overvalued or undervalued?

As of 10 September 2025, the valuation grade for Perimeter Solutions SA has moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 14, an EV to EBITDA of 11.51, and a Price to Book Value of 1.55. In comparison to its peers, Eastman Chemical Co. has a P/E of 15.68 and an EV to EBITDA of 10.37, while Element Solutions, Inc. shows a P/E of 24.64 and an EV to EBITDA of 14.82, suggesting that Perimeter Solutions is competitively positioned within the industry.
Notably, Perimeter Solutions has demonstrated strong performance with a year-to-date return of 72.46%, significantly outpacing the S&P 500's return of 12.22% over the same period. This performance reinforces the notion that the company is fairly valued in light of its recent stock performance relative to broader market trends.