Is Worthington Enterprises, Inc. overvalued or undervalued?

As of 19 September 2025, Worthington Enterprises, Inc. moved from expensive to fair in its valuation grade. The company is currently fairly valued based on its metrics, including a P/E ratio of 23, an EV to EBITDA of 37.70, and a Price to Book Value of 3.21. In comparison to peers, Commercial Metals Co. has a lower P/E of 18.46 and an attractive valuation, while Cleveland-Cliffs, Inc. is rated risky with a P/E of -3.94.
Despite recent underperformance in the short term, with a 1-week return of -4.23% compared to the S&P 500's 1.22%, Worthington has shown strong long-term performance, achieving a 5-year return of 149.06% versus the S&P 500's 100.77%. This indicates that while the stock may be fairly valued now, it has the potential for growth based on its historical performance.