Is Aakash Explor. overvalued or undervalued?

As of 7 November 2025, Aakash Exploration has moved from a valuation grade of very attractive to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 17.88, an EV to EBITDA of 6.95, and a ROE of 8.49%.
In comparison to its peers, Reliance Industries has a higher PE ratio of 24.07 and a more favorable EV to EBITDA of 5.69, while ONGC is categorized as very expensive with a PE ratio of 8.77. Aakash Exploration's recent stock performance has been underwhelming, with a year-to-date return of -12.06%, significantly lagging behind the Sensex's 7.81% return during the same period.