Is Elegant Marbles overvalued or undervalued?

As of 26 September 2025, Elegant Marbles has moved from an expensive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 18.42, a Price to Book Value of 0.59, and an EV to EBITDA of 18.58, which align closely with its peers, particularly Optiemus Infra, which has a PE of 88.2 and EV to EBITDA of 51.9, and PTC India, which is very attractive with a PE of 8.
In comparison to its peers, Elegant Marbles appears to be positioned reasonably well, especially considering its PEG ratio of 14.05, which is reflective of its growth expectations. While the stock has underperformed the Sensex year-to-date, it has shown strong returns over a three to five-year horizon, indicating potential for recovery. Overall, the current valuation suggests that Elegant Marbles is fairly valued in the context of its industry.