Is Elegant Marbles overvalued or undervalued?

As of 7 November 2025, the valuation grade for Elegant Marbles has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued, with a PE ratio of 24.64, an EV to EBITDA of 28.16, and a Price to Book Value of 0.56. These ratios suggest that the stock is trading at a premium compared to its earnings and cash flow generation capabilities.
In comparison to its peers, Elegant Marbles' PE ratio is significantly lower than that of Elitecon International, which stands at 378.62, but higher than PTC India, which is at 7.9 and is categorized as very attractive. The EV to EBITDA ratio of 28.16 also places Elegant Marbles in a less favorable position compared to PTC India, which has a much lower ratio of 4.18. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -15.53% compared to the Sensex's 6.50%. Overall, these factors reinforce the conclusion that Elegant Marbles is currently overvalued.