Is Aditya Ultra overvalued or undervalued?

As of 7 November 2025, the valuation grade for Aditya Ultra has moved from attractive to fair. The company appears to be fairly valued based on its current metrics, with a PE ratio of 9.53, an EV to EBITDA of 7.59, and a Price to Book Value of 0.89. In comparison to its peers, Tata Steel, which is also rated fair, has a significantly higher PE ratio of 46.67, while JSW Steel is considered expensive with a PE ratio of 46.73.
Overall, Aditya Ultra is fairly valued given its competitive ratios compared to peers in the iron and steel industry. Despite a recent stock performance that has lagged behind the Sensex over the past year, with a decline of 31.29% compared to the Sensex's 5.34% increase, the current valuation metrics suggest that the stock is not overvalued.