In the current market session, Fastenal Inc. (NASDAQ:FAST) share price is at $63.52, after a 0.24% increase. Moreover, over the past month, the stock fell by 1.81%, but in the past year, went up by 31.73%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. How Does Fastenal P/E Compare to Other Companies?The P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate tha…