Is Sterling Infrastructure, Inc. overvalued or undervalued?

As of 4 September 2025, the valuation grade for Sterling Infrastructure, Inc. has moved from attractive to fair, indicating a shift in its perceived value. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 22, while the EV to EBITDA ratio is 17.03, and the PEG ratio is notably low at 0.28, suggesting potential growth relative to its price.
In comparison to its peers, Sterling's P/E ratio is lower than MasTec, Inc. at 57.22 and APi Group Corp. at 87.46, both of which are considered expensive. On the other hand, TopBuild Corp. has a P/E of 24.98, which is closer to Sterling's valuation. The company has demonstrated strong performance, with a year-to-date return of 106.93%, significantly outperforming the S&P 500's 12.22% during the same period, reinforcing its competitive position in the market.