Is TechnipFMC plc overvalued or undervalued?

As of 31 October 2025, the valuation grade for TechnipFMC plc moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 17, which is higher than its peer Halliburton Co. with a P/E of 10.39, and an EV to EBITDA of 12.73 compared to Halliburton's 6.18. Additionally, the PEG ratio of 0.07 suggests that the stock may not be justified at its current price given its growth prospects.
In terms of performance, TechnipFMC plc has significantly outperformed the S&P 500 over multiple periods, with a year-to-date return of 42.88% compared to the S&P 500's 16.30%, and a remarkable 5-year return of 941.59% against the S&P 500's 109.18%. This strong performance may attract investors, but the current valuation metrics suggest that the stock is not a bargain at this price point.