Is Alpex Solar overvalued or undervalued?

As of 10 November 2025, the valuation grade for Alpex Solar has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 37.37, an EV to EBITDA of 23.03, and a ROCE of 2.57%. In comparison, peer companies such as Siemens Energy Industries and ABB are classified as very expensive with PE ratios of 118.69 and 59.82, respectively, indicating that Alpex Solar's valuation is relatively lower but still excessive.
Despite a strong year-to-date stock return of 49.18% compared to the Sensex's 8.16%, the fundamental ratios suggest that the company is not positioned favorably in terms of profitability and valuation metrics. With an EV to Sales ratio of 3.67 and a PEG ratio of 0.14, the financials highlight concerns about sustainability at current price levels. Overall, Alpex Solar appears to be overvalued in the current market context.