Is Tennant Co. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Tennant Co. has moved from expensive to fair, indicating a more favorable assessment of its stock price. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 16, an EV to EBITDA of 8.68, and a Price to Book Value of 2.23. In comparison, peers such as Modine Manufacturing Co. have a P/E of 36.40, while Oceaneering International, Inc. stands out with a very attractive EV to EBITDA of 7.04.
Despite the recent grade change, Tennant Co. has underperformed against the S&P 500, with a year-to-date return of -8.52% compared to the index's 14.40%. This performance, alongside its valuation metrics, suggests that while the stock is currently fairly valued, it may face challenges in regaining momentum in the market.