Is TriMas Corp. overvalued or undervalued?

As of 30 June 2025, TriMas Corp. has moved from an expensive to a very expensive valuation grade. The company is overvalued, as indicated by its P/E ratio of 40, which significantly exceeds the industry average, and an EV to EBITDA ratio of 12.16, suggesting a premium valuation compared to peers. Additionally, the Price to Book Value stands at 1.54, further highlighting the elevated valuation metrics.
In comparison to peers, Advanced Drainage Systems, Inc. has a P/E of 27.44, while Armstrong World Industries, Inc. shows a P/E of 38.75, both of which are lower than TriMas Corp.'s. The company's recent performance has outpaced the S&P 500, with a year-to-date return of 62.75% compared to the S&P 500's 12.22%, although its 3-year and 5-year returns lag behind the benchmark.