Is Bajaj Electrical overvalued or undervalued?

As of 31 October 2025, Bajaj Electrical's valuation grade has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 66.18, an EV to EBITDA of 21.70, and a Price to Book Value of 3.43.
In comparison to its peers, Bajaj Electrical's PE Ratio is higher than V-Guard Industries, which is attractive at 54.33, but lower than Metro Brands, which is considered very expensive at 86.64. The company's recent stock performance has lagged significantly behind the Sensex, with a year-to-date return of -33.77% compared to the Sensex's 7.42%, reinforcing the notion that the stock may be fairly valued in the current market context.