Is ABS Marine overvalued or undervalued?

As of 14 November 2025, the valuation grade for ABS Marine has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE Ratio of 21.54, an EV to EBITDA of 24.31, and a Price to Book Value of 2.15, which are considerably higher than its peers. For instance, GE Shipping Co has a PE Ratio of 7.92 and an EV to EBITDA of 3.75, while S C I is rated very attractive with a PE Ratio of 15.37 and an EV to EBITDA of 8.83.
In comparison to its peers, ABS Marine's financial metrics suggest it is trading at a premium that is not justified by its performance, as evidenced by a relatively low ROCE of 6.05% and ROE of 9.99%. This valuation is further reinforced by the company's recent stock performance, which has outpaced the Sensex returns over the past week and month, but the underlying valuation remains concerning given its high ratios relative to competitors.