Is Select Water Solutions, Inc. overvalued or undervalued?

As of 17 October 2025, Select Water Solutions, Inc. has moved from a fair to a very expensive valuation grade. The company is currently overvalued, with a P/E ratio of 22, an EV to EBIT of 18.33, and a Price to Book Value of 1.34. In comparison, peers such as Essential Utilities, Inc. and American States Water Co. have P/E ratios of 16.89 and 22.76, respectively, indicating that Select Water Solutions is trading at a premium relative to its industry counterparts. Despite a strong short-term performance, with a 1-week return of 10.27% compared to the S&P 500's 1.70%, the company's year-to-date return of -18.13% and 1-year return of -3.47% suggest underlying challenges. Overall, the valuation metrics and peer comparisons indicate that Select Water Solutions, Inc. is overvalued in the current market environment.