Is DEE Development overvalued or undervalued?

As of 7 November 2025, the valuation grade for DEE Development has moved from very attractive to attractive. The company is currently assessed as overvalued. Key ratios include a PE ratio of 32.71, an EV to EBITDA of 35.96, and a Price to Book Value of 0.19.
In comparison to its peers, DEE Development's PE ratio is significantly lower than Thermax's 56.7 and BEML Ltd's 56.53, both categorized as very expensive. However, its EV to EBITDA ratio is higher than Action Construction Equipment's 23.51, which is considered expensive. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -23.93% compared to the Sensex's 6.50%, reinforcing the overvaluation narrative.