Is East Buildtech overvalued or undervalued?

As of 16 September 2024, the valuation grade for East Buildtech has moved from risky to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE Ratio of 19.33, an EV to EBIT ratio of 19.43, and a Price to Book Value of 2.86, which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, East Buildtech's PE Ratio of 19.33 is notably lower than that of DLF Ltd., which stands at 46.64, and Macrotech Developers, with a PE Ratio of 54.71, both of which are also classified as very expensive. Despite the recent stock performance showing a 6.25% return over the past week, the year-to-date return of -48.27% starkly contrasts with the Sensex's 5.56% gain, further reinforcing the notion that East Buildtech is overvalued in the current market environment.