Is Aditya Vision overvalued or undervalued?

As of 23 May 2024, the valuation grade for Aditya Vision has moved from very expensive to expensive, indicating a slight improvement in its valuation outlook. The company is currently deemed overvalued. Key ratios include a PE ratio of 47.10, an EV to EBITDA ratio of 26.11, and a Price to Book Value of 8.51, all of which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Aditya Vision's PE ratio is significantly higher than the industry average, with competitors showing lower valuations, such as a peer with a PE ratio of around 25. The company's recent stock performance has been underwhelming, with a year-to-date return of -21.68% compared to a 5.60% gain in the Sensex, further reinforcing the notion that the stock may be overvalued at its current price of 399.80.