Is Bajaj Electrical overvalued or undervalued?

As of 13 October 2025, Bajaj Electrical's valuation grade has moved from fair to attractive, indicating a shift in investor perception. The company is currently considered undervalued. Key ratios include a PE ratio of 67.97, an EV to EBITDA of 23.92, and a ROCE of 9.15%. In comparison to peers, Bajaj Electrical's PE ratio is lower than Metro Brands at 92.96 and slightly higher than Bata India at 67.07, suggesting it is positioned favorably within its competitive landscape. Despite a challenging year with a YTD stock return of -29.68% compared to the Sensex's 5.36%, Bajaj Electrical's attractive valuation reflects potential for recovery and growth. The company's PEG ratio stands at 0.00, indicating that it may be undervalued relative to its growth prospects. Overall, Bajaj Electrical presents an appealing investment opportunity in the electronics and appliances sector.