Is Apex Ecotech overvalued or undervalued?

As of 9 October 2025, the valuation grade for Apex Ecotech has moved from very attractive to fair. Based on the current analysis, the company appears to be fairly valued. The key ratios include a PE ratio of 20.95, an EV to EBITDA of 13.69, and a ROCE of 58.77%, which indicate a strong operational performance relative to its price.
In comparison to its peers, Apex Ecotech's PE ratio is significantly lower than that of Thermax at 56.36 and BEML Ltd at 60.85, both of which are categorized as expensive. This suggests that Apex Ecotech is positioned more favorably in terms of valuation within its industry. Additionally, while the stock has underperformed the Sensex over the past week with a return of -5.56%, it has outperformed the index year-to-date with a return of 10.57%. Overall, Apex Ecotech's current valuation reflects a balanced assessment of its financial metrics and market conditions.