Is ABS Marine overvalued or undervalued?

As of 15 October 2025, ABS Marine's valuation grade has moved from very attractive to fair, indicating a shift in market perception. The company is currently fairly valued, with a PE ratio of 16.45, an EV to EBITDA of 12.59, and a ROCE of 13.69%. In comparison to peers, GE Shipping Co has a significantly lower PE of 7.24, while S C I boasts a more attractive valuation with a PE of 11.99.
Despite the fair valuation, ABS Marine has underperformed relative to the Sensex, with a year-to-date return of -10.66% compared to the Sensex's 7.10%. This underperformance, combined with the recent grade change, suggests that while the company is not overvalued, it may face challenges in regaining investor confidence in the near term.