Is Elegant Marbles overvalued or undervalued?

As of 7 November 2025, Elegant Marbles has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its current financial ratios, including a PE Ratio of 24.64, an EV to EBITDA of 28.16, and a Price to Book Value of 0.56. In comparison to its peers, Elegant Marbles' PE Ratio is significantly lower than Elitecon International's staggering 378.62, but higher than PTC India's attractive 7.9, indicating a relative overvaluation within its sector.
The company's financial performance metrics, such as a ROCE of 2.38% and a ROE of 2.27%, suggest limited profitability, further supporting the overvaluation verdict. Additionally, while the stock has performed well over the long term with a 5-year return of 251.23%, it has underperformed compared to the Sensex in the short term, with a year-to-date decline of 15.53% against the Sensex's gain of 6.50%. This trend reinforces the notion that Elegant Marbles is currently overvalued in the market.