Is BEW Engg overvalued or undervalued?

As of 17 July 2025, BEW Engineering's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 17.74, an EV to EBITDA ratio of 13.75, and a ROE of 18.09%. In comparison to its peers, Rail Vikas is considered expensive with a PE of 62.07, while Ircon International is also fairly valued with a PE of 24.53.
Despite the recent price increase to 165.00, BEW Engineering has experienced significant declines in stock performance, with a year-to-date return of -36.27% and a one-year return of -89.04%, contrasting sharply with the Sensex's positive return of 6.20% over the same period. This performance underscores the company's current valuation status amidst a challenging market environment.