Hubbell's Valuation: Overvalued by 26.2% Amid Grid Modernization Optimism

Hubbell's stock has experienced a significant multi-year surge, with an 81.6% gain over 3 years and 188.4% over 5 years. However, the stock has cooled off recently, slipping 0.5% over the last week and 9.0% over the past month. Investors have been digesting mixed macro headlines around infrastructure spending, grid modernization, and industrial capital investment, which affect Hubbell's order pipeline and pricing power. Hubbell scores just 2/6 on our valuation checks, suggesting the market may already be pricing in good news.