Market participants hold the company in high regard due to slower EPS growth compared to share price growth. Recent improvements in bottom line and dividends paid have boosted total shareholder return. Positive sentiment hints at business momentum.

Investors' optimism reflects in the high P/E ratio of the company, potentially leading to disappointment if it falls. The high share price is seen with caution, as future earnings may not sustain this positive sentiment.

Fortune Brands Innovations' shares seem undervalued, with a bright future not fully reflected in the price. However, balance this with factors like financial health and management track record.