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. The P/E ratio stands at 19, while the EV to EBITDA ratio is 12.96, and the Price to Book Value is 2.43.
In comparison to its peers, The Middleby Corp. has a more favorable P/E ratio than Woodward, Inc., which is very expensive at 42.20, and Graco, Inc., which is fairly valued at 29.51. The company's ROCE of 13.11% and ROE of 12.61% also indicate solid performance relative to its industry. Over the past year, The Middleby Corp. has underperformed against the S&P 500, with a return of -4.44% compared to the index's 14.08%, suggesting that while the stock is fairly valued, it has not kept pace with broader market gains.