Is Aakash Explor. overvalued or undervalued?

As of 26 June 2025, Aakash Exploration's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 22.92, an EV to EBITDA of 8.72, and a Price to Book Value of 1.95. In comparison to peers, Reliance Industries has a higher PE ratio of 29.05, while ONGC stands out with a very attractive EV to EBITDA of 8.47.
Despite the recent stock performance showing a decline of 1.2% over the past week, Aakash Exploration has outperformed the Sensex with a year-to-date return of 12.75% compared to the index's 8.05%. Overall, the company's valuation metrics suggest it is fairly positioned within its industry, particularly when compared to its peers.