Stevanato Group (NYSE:STVN): A Fresh Look at Valuation After Recent Share Price Gains

Stevanato Group (NYSE:STVN) shares have shown an upward trend over the past month, gaining roughly 8%. Investors may be wondering what is fueling this momentum and whether current valuations present further opportunity.

See our latest analysis for Stevanato Group.

Zooming out, Stevanato Group’s 1-year total shareholder return stands at 37%. This strong showing reflects both the company’s resilience and growing optimism about its future. Momentum appears to be building as recent share price gains align with steady improvements in financial performance, fueling renewed investor interest.

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But with such robust gains over the past year and shares now trading closer to analyst targets, the key question emerges: is Stevanato Group still undervalued, or has the market already accounted for its future growth potential?

Most Popular Narrative: 9.2% Undervalued

Stevanato Group’s last close of $25.98 sits well below the narrative’s fair value of $28.62, suggesting meaningful upside remains as markets digest future growth prospects.

Rising pharmaceutical industry investment in U.S. onshoring and manufacturing capacity creates a structural tailwind for Stevanato's North American operations, particularly at the new Fishers facility. This enhances supply chain localization, deepens client relationships, and is expected to materially contribute to future top-line growth and operating margins as these plants scale up.

Read the complete narrative.

What powers this bullish stance? The narrative quietly leans on bold financial assumptions including accelerating revenue, soaring margins, and future earnings that rivals industry leaders. Want to know which projections tip the balance? Read on to uncover the numbers behind this fair value.

Result: Fair Value of $28.62 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, operational setbacks at new facilities or major customer shifts could quickly challenge Stevanato Group’s positive outlook and put pressure on its strong margins.

Find out about the key risks to this Stevanato Group narrative.

Another View: High Valuation by Market Standards

While analysts see upside, the market is valuing Stevanato at a much higher price-to-earnings ratio than both the US Life Sciences industry and the stock’s own fair ratio. Stevanato trades at 44.9x earnings, compared to the industry’s 31.2x, and well above the estimated fair ratio of 23.2x. This premium suggests investors are willing to pay up for future growth, but it also raises questions about valuation risk if growth slows. Could the next surprise be on the downside?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Stevanato Group Narrative

If you see things differently or want to dig into the numbers yourself, you can quickly build your own perspective in just a few minutes: Do it your way

A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding Stevanato Group.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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