Is Earthstahl &All. overvalued or undervalued?

As of 1 October 2025, the valuation grade for Earthstahl & All. has moved from very expensive to expensive, indicating a slight improvement in its valuation outlook. The company is currently considered overvalued. Key ratios include a PE Ratio of 25.83, an EV to EBITDA of 11.05, and a Price to Book Value of 0.69, which suggest that the stock is trading at a premium relative to its earnings and book value.
In comparison to its peers, JSW Steel is rated fair with a PE of 54.74, while Tata Steel is attractive with a PE of 43.09. This highlights that Earthstahl & All. is relatively less expensive than some of its peers but still does not justify its current valuation given its low ROE of 1.42% and ROCE of 2.51%. Additionally, the company's stock has significantly underperformed against the Sensex, with a year-to-date return of -47.77% compared to the Sensex's 3.64%, reinforcing the notion that Earthstahl & All. is overvalued at this time.