Is Denta Water overvalued or undervalued?

As of 12 June 2025, the valuation grade for Denta Water has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 15.05, an EV to EBITDA of 8.81, and a ROCE of 32.05%.
In comparison to its peers, Denta Water's PE ratio is significantly lower than that of Thermax, which has a PE of 66.81, and BEML Ltd, with a PE of 59.69, both categorized as very expensive. While Denta Water's valuation appears high relative to its own historical performance, it remains less attractive than its peers in the industry. Notably, the stock has outperformed the Sensex over the past week, returning 4.27% compared to the Sensex's 0.31%.