Is The Middleby Corp. overvalued or undervalued?

As of 12 June 2025, the valuation grade for The Middleby Corp. has moved from attractive to very attractive. The company is currently considered undervalued, supported by a P/E ratio of 19, an EV to EBITDA of 12.96, and a Price to Book Value of 2.43. In comparison to its peers, The Middleby Corp. has a lower P/E ratio than Pentair plc, which stands at 21.53, and Graco, Inc., which has a P/E of 28.63, indicating a more favorable valuation relative to these competitors.
The company's ROCE is 13.11% and ROE is 12.61%, further demonstrating its efficient use of capital compared to peers. Despite a recent dip in stock performance relative to the S&P 500 over the past month, with a return of -1.49% compared to the S&P 500's 3.83%, the overall valuation metrics suggest that The Middleby Corp. presents a compelling investment opportunity at its current price of 143.62.