Is SPX Technologies, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for SPX Technologies, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 39, which significantly exceeds the industry average, and an EV to EBITDA ratio of 21.86, also higher than many peers. Additionally, the PEG ratio stands at 1.55, suggesting that growth expectations may not justify the current price.
In comparison to its peers, SPX Technologies has a P/E ratio of 45.73, while A. O. Smith Corp. has a much lower P/E of 26.10, and Simpson Manufacturing Co., Inc. is at 26.38, highlighting the relative overvaluation of SPX. Furthermore, the company's recent stock performance shows a year-to-date return of 26.47%, outperforming the S&P 500's 13.30%, but it has lagged over the past year with a return of 7.17% compared to the S&P 500's 14.08%. Overall, SPX Technologies appears to be overvalued in the current market context.