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

As of 17 October 2025, The Manitowoc Co., Inc. has moved from a very attractive to an attractive valuation grade. The company appears undervalued based on several key metrics, including a P/E ratio of 8, a Price to Book Value of 0.69, and an EV to EBITDA of 6.74. In comparison, peers such as Douglas Dynamics, Inc. have a P/E of 11.82 and an EV to EBITDA of 13.44, indicating that Manitowoc is trading at a discount relative to its industry.
Despite the recent stock performance, where Manitowoc outperformed the S&P 500 with a year-to-date return of 18.40% compared to the index's 13.30%, the long-term returns show a significant lag, with a 3-year return of 30.56% versus the S&P's 81.19%. This suggests that while the stock has had a positive short-term trajectory, its valuation still reflects a potential for growth compared to its peers.