Is Alpine Housing overvalued or undervalued?

As of 4 March 2025, the valuation grade for Alpine Housing has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued. Key ratios include a PE Ratio of 38.18, an EV to EBITDA of 22.25, and a Price to Book Value of 2.47, all of which suggest that the stock is trading at a premium compared to its earnings and assets.
In comparison to peers, DLF has a PE Ratio of 46.64 and Macrotech Development has a PE Ratio of 54.71, both categorized as very expensive, which highlights that while Alpine Housing is overvalued, it is not the most expensive in its peer group. Notably, Alpine Housing's recent stock performance has lagged behind the Sensex, with a 1-year return of -18.60% compared to the Sensex's 7.64%, further reinforcing the view that the stock may be overvalued at its current price of 112.00.