Is Agni Green overvalued or undervalued?

As of 16 September 2025, Agni Green's valuation grade has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios highlight this assessment, with a PE ratio of 55.67, an EV to EBITDA of 23.80, and a ROE of only 2.00%.
In comparison to its peers, Agni Green stands out with a much higher PE ratio than NTPC, which has a PE of 13.56 and is rated as attractive. Additionally, Adani Green, another peer, has an even higher PE of 82.27 but is also deemed very expensive. The recent performance of Agni Green shows a stark contrast to the Sensex, with a year-to-date return of -28.64% compared to the Sensex's 6.74%, further reinforcing the notion that the stock is overvalued.