Is Apex Ecotech overvalued or undervalued?

As of 3 October 2025, Apex Ecotech's valuation grade has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued, with a PE ratio of 20.51, an EV to EBITDA of 13.35, and an impressive ROCE of 58.77%. These ratios suggest that Apex Ecotech is positioned favorably compared to its peers, particularly when contrasted with Thermax, which has a PE ratio of 56.6, and BEML Ltd, with a PE ratio of 61.1, both categorized as expensive.
In addition to its strong valuation metrics, Apex Ecotech's PEG ratio stands at 0.00, highlighting its growth potential relative to its price. While the stock has seen a slight decline of 2.28% over the past week, it has outperformed the Sensex with a year-to-date return of 8.25% compared to the Sensex's 5.28%. This performance reinforces the notion that Apex Ecotech is undervalued in the current market landscape.