Is DEE Development overvalued or undervalued?

As of 28 July 2025, the valuation grade for DEE Development has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 46.38, an EV to EBITDA of 19.45, and a ROCE of 6.28%.
In comparison to its peers, DEE Development's PE ratio is lower than that of Thermax at 69.74 and BEML Ltd at 56.8, both of which are classified as very expensive. Additionally, while DEE Development's PEG ratio stands at 0.00, indicating potential for growth, its recent stock performance has lagged behind the Sensex, with a year-to-date return of -4.33% compared to the Sensex's 3.52%.