TopBuild's Valuation After Recent Share Price Pullback

TopBuild's share price has declined 35% in the past month and 21% over the past 3 months, but remains positive over 1 and 3 years. The company's expansion into commercial and industrial end-markets is seen as increasing its diversification and growing access to non-discretionary, recurring revenue streams. TopBuild is considered undervalued based on consensus assumptions, with a narrative fair value of $498.07, and analysts expect mid-single digit annual earnings growth and revenue rising at a similar pace.