Is TechnipFMC plc overvalued or undervalued?

As of 7 July 2025, TechnipFMC plc's valuation grade has moved from fair to very expensive, indicating that the stock is overvalued. The company exhibits a P/E ratio of 17, a Price to Book Value of 4.44, and an EV to EBITDA of 9.27, which are all relatively high compared to its peers. For instance, Halliburton Co. has a P/E of 10.39 and an EV to EBITDA of 6.18, suggesting that TechnipFMC is trading at a premium in its industry.
Despite its strong performance, with a year-to-date return of 35.56% compared to the S&P 500's 12.22%, the high valuation ratios indicate that the stock may not be a prudent investment at current levels. The PEG ratio of 0.07 also suggests that growth expectations are not being met by the current price, reinforcing the notion that TechnipFMC plc is overvalued.