Is Elpro Internatio overvalued or undervalued?

As of 17 October 2025, Elpro International has moved from a valuation grade of very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 15.67, an EV to EBITDA of 21.41, and a Price to Book Value of 0.71.
In comparison with peers, Elpro's PE ratio is significantly lower than that of DLF at 39.72 and Lodha Developers at 39.97, both categorized as very expensive. Despite its lower valuation metrics, Elpro's return on equity (ROE) stands at a modest 3.25%, indicating limited profitability relative to its equity base. Additionally, Elpro's stock has underperformed against the Sensex, with a year-to-date return of -25.41% compared to the Sensex's 7.44%, reinforcing the perception of overvaluation.