Is Elegant Marbles overvalued or undervalued?

As of 26 September 2025, the valuation grade for Elegant Marbles has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 18.42, a Price to Book Value of 0.59, and an EV to EBITDA of 18.58. These ratios suggest that the company is reasonably priced relative to its earnings and asset values.
In comparison to peers, Elegant Marbles stands out with its fair valuation, while competitors like Elitecon International and Lloyds Enterprises are classified as very expensive, with PE ratios of 492.47 and 28.62, respectively. Additionally, PTC India, deemed very attractive, has a significantly lower PE ratio of 8, highlighting the relative value proposition of Elegant Marbles within its industry. Despite a year-to-date stock return of -11.12%, the company has shown strong performance over the longer term, with a 3-year return of 100.52%, reinforcing its potential as a solid investment.