Is WD-40 Co. overvalued or undervalued?

As of 30 June 2025, the valuation grade for WD-40 Co. has moved from attractive to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its high P/E ratio of 57, a Price to Book Value of 20.00, and an EV to EBITDA of 44.67. In comparison, peers such as Axalta Coating Systems Ltd. have a fair P/E of 19.81, while CSW Industrials, Inc. shows a more reasonable EV to EBITDA of 20.45, highlighting WD-40's relative overvaluation.
Recent performance shows that WD-40 Co. has underperformed against the S&P 500, with a year-to-date return of -12.17% compared to the index's 12.22%. This trend reinforces the notion that the stock may be overpriced in the current market environment.