Is Plexus Corp. overvalued or undervalued?

As of 17 October 2025, Plexus Corp. has moved from a very attractive to an attractive valuation grade. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 46, significantly higher than the peer average of approximately 44.93, while the EV to EBITDA ratio is 24.32 compared to the peer average of 24.95. Additionally, the PEG ratio is 2.42, indicating that the stock may be priced too high relative to its growth expectations.
In comparison to its peers, Littelfuse, Inc. has a P/E of 30.08 and Universal Display Corp. has a P/E of 28.20, both suggesting that Plexus Corp. is priced at a premium. Furthermore, the company's recent stock performance shows a 1-year return of 6.42%, which lags behind the S&P 500's return of 14.08% over the same period, reinforcing the notion that Plexus Corp. may not be a compelling investment at its current valuation.