Is Apex Ecotech overvalued or undervalued?

As of 10 October 2025, Apex Ecotech's valuation grade has moved from fair to very attractive, indicating a significant positive shift in its perceived value. The company is currently assessed as undervalued based on its strong financial ratios, including a PE ratio of 20.49, an EV to EBITDA of 13.33, and a remarkable ROCE of 58.77%.
In comparison to its peers, Apex Ecotech stands out with a much lower PE ratio than Thermax, which is at 57.03, and BEML Ltd, which has a PE of 60.71, both classified as very expensive. Additionally, Apex's PEG ratio is notably at 0.00, suggesting potential for growth at a low price relative to earnings growth. While Apex's stock has seen a slight decline in the past week and month, it has outperformed the Sensex year-to-date, reinforcing its attractive valuation amidst a competitive industrial manufacturing landscape.