Is The Manitowoc Co., Inc. overvalued or undervalued?

As of 22 August 2025, The Manitowoc Co., Inc. has moved from a fair to attractive valuation grade, indicating a more favorable outlook. The company appears undervalued, supported by a P/E ratio of 8, a Price to Book Value of 0.69, and an EV to EBITDA of 6.74. In comparison, peer Douglas Dynamics, Inc. has a P/E of 11.82, while Wabash National Corp. shows a risky valuation with a P/E of -7.10, highlighting Manitowoc's relative attractiveness in the market.
Despite recent performance, where Manitowoc's stock returned 2.51% over the past year compared to the S&P 500's 17.14%, it has shown stronger returns over longer periods, with a 14.22% return over three years versus the S&P's 70.41%. This suggests that while the company has lagged in the short term, its valuation metrics indicate potential for growth and improvement in the future.