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

As of 17 October 2025, the valuation grade for The Manitowoc Co., Inc. has moved from very attractive to attractive, indicating a shift in perception. Based on the current metrics, the company appears to be undervalued, particularly when considering its P/E ratio of 8, which is significantly lower than the industry average, and a PEG ratio of 0.22, suggesting strong growth potential relative to its price. Additionally, the EV to EBITDA ratio stands at 6.74, further supporting the undervaluation thesis.
In comparison to peers, Douglas Dynamics, Inc. has a P/E of 11.82 and an EV to EBITDA of 13.44, while Wabash National Corp. and Columbus McKinnon Corp. are categorized as risky with negative valuations. The Manitowoc Co., Inc. has outperformed the S&P 500 over the year with a return of 6.08% compared to the S&P 500's 14.08%, but it has shown stronger performance year-to-date with an 18.40% return against the S&P 500's 13.30%.