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 significant shift in its perceived value. The company is currently overvalued, as evidenced by its P/E ratio of 39, which is considerably higher than the industry average, and its EV to EBITDA ratio of 21.86, also above the peer group. Additionally, the PEG ratio stands at 1.55, suggesting that the stock may not be justified at its current price given its growth prospects.
In comparison to peers, SPX Technologies, Inc. has a notably higher P/E ratio than A. O. Smith Corp., which has a P/E of 26.10, and Simpson Manufacturing Co., Inc. at 26.38, both of which are classified as fairly valued. Furthermore, the company's recent stock performance shows a year-to-date return of 26.47%, significantly outperforming the S&P 500's return of 13.30% in the same period, though it has lagged over the past year with a return of 7.17% compared to the S&P 500's 14.08%.