Is Trimble, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Trimble, Inc. has moved from fair to expensive. The company appears to be overvalued based on its current metrics. Key ratios include a P/E ratio of 11, a Price to Book Value of 3.18, and an EV to EBITDA of 24.74, which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to peers, Trimble's P/E ratio of 61.42 is significantly higher than that of PTC, Inc., which has a P/E of 49.59, indicating that Trimble may be overvalued relative to its industry. Additionally, the company's return performance shows a 1-year return of 26.00%, outperforming the S&P 500's 14.08% over the same period, but it lags behind the index over longer time frames, such as the 3-year and 5-year returns. Overall, the valuation metrics and peer comparisons suggest that Trimble, Inc. is currently overvalued.