Is Worthington Enterprises, Inc. overvalued or undervalued?

As of 8 September 2025, Worthington Enterprises, Inc. has moved from an expensive to a fair valuation grade. The company appears fairly valued based on its current metrics, with a P/E ratio of 23, a Price to Book Value of 3.21, and an EV to EBITDA of 37.70. In comparison to its peers, Commercial Metals Co. has a more attractive P/E of 18.46 and an EV to EBITDA of 9.51, while Cleveland-Cliffs, Inc. shows a risky valuation with a P/E of -3.94.
Despite the recent decline in stock performance over the past week and month, where it returned -4.18% and -3.64% respectively compared to the S&P 500's gains, Worthington has shown strong long-term performance with a year-to-date return of 56.44% and a 5-year return of 155.95%, significantly outperforming the S&P 500's 12.22% and 96.61%. This suggests that while the stock may be fairly valued now, its historical performance indicates potential for future growth.