Is Earthstahl &All. overvalued or undervalued?

As of 1 October 2025, the valuation grade for Earthstahl & All. has moved from very expensive to expensive. Based on the current analysis, the company is considered overvalued. The PE ratio stands at 25.83, while the EV to EBITDA ratio is 11.05, and the Price to Book Value is notably low at 0.69, indicating potential concerns about asset valuation relative to market price.
In comparison to its peers, Earthstahl & All. has a PE ratio that is lower than JSW Steel's 54.74 and Tata Steel's 43.09, both of which are rated as fair and attractive, respectively. Additionally, Jindal Steel, rated fair, has a similar PE ratio of 25.83 but a higher EV to EBITDA of 12.52. The company's recent stock performance has been poor, with a year-to-date return of -47.77%, significantly underperforming the Sensex, which has returned 3.64% in the same period.