Is TechnipFMC plc overvalued or undervalued?

As of 31 October 2025, the valuation grade for TechnipFMC plc has moved from fair to expensive, indicating that the stock is overvalued. The company displays a P/E ratio of 17, a Price to Book Value of 4.44, and an EV to EBITDA ratio of 9.27, which are higher than its peer Halliburton Co., which has a P/E of 10.39 and an EV to EBITDA of 6.18. Additionally, the PEG ratio of TechnipFMC is notably low at 0.07, suggesting that growth expectations may not justify the current valuation.
In terms of performance, TechnipFMC has significantly outperformed the S&P 500 over various periods, with a year-to-date return of 42.88% compared to the S&P 500's 16.30%, and an impressive 5-year return of 941.59% against the S&P 500's 109.18%. This strong performance, however, does not negate the current overvaluation indicated by the metrics.