Is Century Plyboard overvalued or undervalued?

As of 13 November 2025, Century Plyboard's valuation grade has moved from fair to attractive, indicating a more favorable assessment of its market position. The company is currently considered undervalued, with a PE ratio of 76.53, an EV to EBITDA ratio of 34.06, and a ROCE of 10.20%. In comparison to its peers, Greenply Industries has a significantly lower PE ratio of 45.81, while Greenpanel Industries stands out with a very attractive PE ratio of 23.11, highlighting Century Plyboard's relative overvaluation among its competitors.
Despite the high valuation ratios, Century Plyboard has shown strong stock performance recently, outperforming the Sensex with a 5.37% return over the past week compared to the Sensex's 1.40%. This performance, combined with its attractive valuation grade, suggests that the market may be underestimating the company's growth potential in the plywood industry.