Is Trimble, Inc. overvalued or undervalued?

As of 17 October 2025, Trimble, Inc. has moved from fair to expensive in its valuation grade. The company is currently overvalued, as indicated by its P/E ratio of 11, which is significantly lower than its peer average of 61.42, and an EV to EBITDA ratio of 24.74 compared to peers like PTC, Inc. at 29.90. Additionally, the PEG ratio stands at an extremely low 0.03, suggesting that the stock is not priced appropriately for its growth potential.
In comparison to its peers, Trimble, Inc. is positioned unfavorably, especially when looking at Fair Isaac Corp. with a P/E of 207.61 and MongoDB, Inc. with a P/E of -335.73, which highlights the volatility in the sector. Despite a strong 1-year return of 26.00% compared to the S&P 500's 14.08%, the longer-term performance shows a stark underperformance over 3 and 5 years, with returns of 42.02% and 47.88% respectively, against the S&P 500's 81.19% and 91.29%. This further reinforces the notion that Trimble, Inc. is currently overvalued.