Is V2X, Inc. overvalued or undervalued?

As of 17 October 2025, V2X, Inc. has moved from a very attractive to a fair valuation grade. The company appears to be overvalued based on its current metrics, with a P/E ratio of 35, a Price to Book Value of 1.38, and an EV to EBITDA of 8.56. In comparison, peers such as Laureate Education, Inc. have a P/E of 21.23, and OPENLANE, Inc. has an EV to EBITDA of 11.43, suggesting that V2X, Inc. is trading at a premium relative to its industry counterparts.
While V2X, Inc. has shown a year-to-date return of 17.58%, it has underperformed the S&P 500, which returned 13.30% in the same period. Additionally, over the past three years, V2X, Inc. gained 52.33%, but this is significantly lower than the S&P 500's 81.19% return, reinforcing the notion that the stock may be overvalued in the current market context.