Is Perimeter Solutions SA overvalued or undervalued?

As of 24 October 2025, the valuation grade for Perimeter Solutions SA moved from fair to expensive. The company appears overvalued based on its current valuation metrics. Key ratios include a P/E ratio of 14, an EV to EBITDA of 11.51, and a Price to Book Value of 1.55. In comparison, Eastman Chemical Co. has a more attractive P/E ratio 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, indicating that Perimeter Solutions is trading at a premium relative to its peers.
Despite a strong year-to-date return of 72.54% compared to the S&P 500's 15.47%, the recent grade change suggests that the stock may be overextended at its current price of 22.05.