Is WD-40 Co. overvalued or undervalued?

As of 21 November 2025, the valuation grade for WD-40 Co. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 57, a Price to Book Value of 20.00, and an EV to EBITDA of 44.67. In comparison, Axalta Coating Systems Ltd. has a P/E of 19.81, while CSW Industrials, Inc. shows a P/E of 32.31, indicating that WD-40 Co. is priced at a premium relative to its peers.
Despite the recent shift in valuation, WD-40 Co. has underperformed against the S&P 500, with a year-to-date return of -17.99% compared to the index's 12.26%. Over the last three years, the company has managed a return of 13.13%, but this is significantly lower than the S&P 500's 67.17% return, suggesting that while the valuation is fair, the stock may still face challenges in delivering competitive returns.