Is Adani Enterp. overvalued or undervalued?

As of 4 November 2025, the valuation grade for Adani Enterprises has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 82.00, an EV to EBITDA of 26.11, and a ROE of 8.20%. In comparison to its peers, Tata Chemicals, which is also fairly valued, has a significantly lower PE ratio of 61.45 and an EV to EBITDA of 16.38, while SRF is categorized as very expensive with a PE of 53.85 and an EV to EBITDA of 34.31. Adani Enterprises has faced a challenging performance recently, with a year-to-date return of -4.36%, compared to a positive return of 6.81% for the Sensex. This underperformance, along with its high valuation ratios, suggests that while the company is not overvalued, it may still face headwinds in the near term.