Is Preformed Line Products Co. overvalued or undervalued?

As of 29 April 2025, the valuation grade for Preformed Line Products Co. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 26, while the EV to EBITDA ratio is 13.58, and the Price to Book Value is 2.31.
In comparison to its peers, Preformed Line Products Co. has a P/E ratio of 27.10 when compared to Quanex Building Products Corp., which is very expensive at a P/E of 44.84, and Apogee Enterprises, Inc., which is fairly valued at a P/E of 8.57. Notably, the company's return over the past year is 22.28%, significantly outperforming the S&P 500's return of 10.26%, reinforcing its fair valuation status.