Is ATV Projects overvalued or undervalued?

As of 20 October 2025, the valuation grade for ATV Projects has moved from very attractive to fair. This indicates a shift in perception regarding the company's valuation, suggesting it is now fairly valued. The company exhibits a PE ratio of 21.20, an EV to EBITDA ratio of 25.69, and a PEG ratio of 0.71, which are relatively moderate compared to its peers.
In comparison to its industry peers, ATV Projects' PE ratio is significantly lower than that of Rail Vikas, which stands at 57.56, and Tube Investments, which is at 93.53. This suggests that while ATV Projects is fairly valued, it may still present a more attractive investment opportunity relative to its more expensive peers. Additionally, the recent stock performance has been underwhelming, with a year-to-date return of -18.62%, contrasting sharply with the Sensex's gain of 7.97% in the same period, reinforcing the notion that the stock may be undervalued in the current market context.