Is Plexus Corp. overvalued or undervalued?

As of 23 July 2025, Plexus Corp. moved from fair to very attractive in its valuation grade. The company appears to be undervalued, particularly when considering its P/E ratio of 46, which is higher than the peer average of approximately 44.93, and an EV to EBITDA ratio of 24.32, which also exceeds the peer average of 24.95. Additionally, Plexus has a PEG ratio of 2.42, indicating potential growth relative to its price.
In comparison to its peers, Littelfuse, Inc. has a P/E of 30.08 and an EV to EBITDA of 15.40, while Universal Display Corp. shows a P/E of 28.20 and an EV to EBITDA of 21.14, both suggesting that Plexus Corp. may be undervalued relative to its growth prospects. Over the past year, Plexus Corp. has returned 11.53%, which is lower than the S&P 500's return of 17.14%, but over the last five years, it has outperformed the index with a return of 100.73% compared to the S&P 500's 96.61%.