Is Chowgule Steam overvalued or undervalued?

As of 25 April 2023, Chowgule Steam's valuation grade has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company appears to be overvalued given its high PE ratio of 96.58 and negative values for both Price to Book Value (-1.69) and EV to EBIT (-93.66). These metrics suggest that the market is pricing the stock at an unsustainable level relative to its earnings and asset values.
In comparison to its peers, Chowgule Steam's valuation stands out unfavorably; for instance, GE Shipping Co has a PE ratio of 6.01 and S C I boasts a PE of 11.79, both indicating a much more attractive valuation. The company's recent stock performance has also been lackluster, with a year-to-date return of -7.76% compared to the Sensex's gain of 5.62%, further reinforcing the notion that Chowgule Steam is overvalued in the current market environment.