Is Earthstahl &All. overvalued or undervalued?

As of 22 September 2025, the valuation grade for Earthstahl & All. has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently assessed as undervalued, particularly when considering its PE ratio of 26.81, a price to book value of 0.72, and an EV to EBITDA ratio of 11.29. These ratios suggest that the stock is trading at a discount relative to its earnings and book value.
In comparison to peers, Earthstahl & All. shows a more favorable valuation than JSW Steel, which has a significantly higher PE ratio of 53.43, and Jindal Steel, which is at a PE of 25.13. Notably, Tata Steel, another peer, is also classified as attractive with a PE of 44.06. Despite recent underperformance against the Sensex, with a year-to-date return of -45.79% compared to the Sensex's 5.15%, the current valuation metrics position Earthstahl & All. as an appealing investment opportunity in the iron and steel sector.