Is The Middleby Corp. overvalued or undervalued?

As of 17 October 2025, The Middleby Corp. has moved from a very attractive to an attractive valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 19, an EV to EBITDA of 12.96, and a Price to Book Value of 2.43. In comparison, peers such as Woodward, Inc. have a significantly higher P/E of 42.20, while Graco, Inc. has a fair P/E of 29.51, indicating that The Middleby Corp. is relatively more attractively priced within its industry.
Despite a recent 1-week stock return of 3.31% compared to the S&P 500's 1.70%, the company has underperformed over the longer term, with a 1-year return of -4.44% against the S&P 500's 14.08%. This trend suggests that while the stock may be fairly valued now, it has struggled to keep pace with broader market performance over the past year.