Is Ecolab (ECL) Undervalued Following Its 11% EPS Rise?

Ecolab (ECL) recently reported an 11% rise in adjusted EPS and 5% organic sales growth, leading to a 7.64% share price return over 90 days. Despite this momentum, Simply Wall St's analysis suggests the stock is 14% undervalued, with a fair value of $323.71 per share compared to its current price of $279.34. However, its current P/E ratio of 37.1x is higher than the industry average, posing questions about its valuation.