Is Spectrum Brands Holdings, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Spectrum Brands Holdings, Inc. moved from attractive to fair. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 24, which is higher than peers like Whirlpool Corp. at 37.42 and IMAX Corp. at 34.92, indicating a premium valuation. Additionally, the EV to EBITDA ratio is 10.63, which is slightly below the peer average, but still suggests a high valuation relative to earnings potential.
In terms of returns, Spectrum Brands has underperformed compared to the S&P 500 over the year, with a return of -36.43% versus the S&P's 11.00%. This trend is further highlighted by the year-to-date return of -32.09% against the S&P's 12.26%, reinforcing the notion that the stock may be overvalued given its poor performance relative to the broader market.