Is ATV Projects overvalued or undervalued?

As of 14 November 2025, the valuation grade for ATV Projects has moved from very attractive to fair. This indicates a shift in perception regarding its investment potential, suggesting that the company is currently fairly valued. Key ratios include a PE ratio of 22.71, an EV to EBITDA ratio of 27.00, and a PEG ratio of 0.74, which reflects a relatively attractive growth perspective compared to its earnings.
When compared to peers, ATV Projects stands out with a PE ratio lower than that of Rail Vikas at 58.94 and Tube Investments at 94.36, both of which are deemed expensive. Additionally, its EV to EBITDA ratio is more favorable than that of AIA Engineering at 25.68 and Triveni Turbine at 39.72, which are also categorized as very expensive. Despite a recent underperformance year-to-date with a return of -13.84% compared to the Sensex's 8.22%, the long-term growth of 737.56% over five years suggests potential resilience and future upside.