Is Aspire & Innovat overvalued or undervalued?

As of 26 August 2025, the valuation grade for Aspire & Innovat has moved from very attractive to fair. The company appears to be overvalued given its current financial metrics. The PE ratio stands at 9.21, while the EV to EBITDA ratio is 11.52, and the ROE is 15.67%.
In comparison to its peers, Aspire & Innovat's valuation metrics are significantly lower; for instance, Whirlpool India has a PE ratio of 45.87 and an EV to EBITDA of 25.10, indicating a stark contrast in market perception. Similarly, Eureka Forbes has a PE ratio of 66.28, further highlighting Aspire & Innovat's relative undervaluation within the sector. The company's stock has underperformed, with a year-to-date return of -42.44% compared to a positive 4.51% return for the Sensex, reinforcing the notion that it may be overvalued in the current market context.