Is Agni Green overvalued or undervalued?

As of 9 September 2025, Agni Green's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued, with a PE ratio of 60.46, an EV to EBITDA of 25.55, and a Price to Book Value of 1.92. These ratios suggest that Agni Green is trading at a premium compared to its peers.
In comparison, NTPC, which is rated as attractive, has a PE ratio of 13.12 and an EV to EBITDA of 10.50, highlighting a stark contrast in valuation. Other peers such as Adani Power and Tata Power Co. are also rated very expensive and attractive, respectively, with PE ratios of 20.01 and 29.74. Notably, Agni Green's recent stock performance has been poor, with a year-to-date return of -21.55%, while the Sensex has gained 5.18% in the same period, further reinforcing the notion of overvaluation.