Is Elpro Internatio overvalued or undervalued?

As of 17 October 2025, the valuation grade for Elpro International has moved from very expensive to expensive, indicating a slight shift in perception but still reflecting a high valuation. The company is currently assessed as overvalued based on its financial ratios. 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 to its peers, Elpro's PE ratio is significantly lower than that of DLF and Lodha Developers, which have PE ratios of 39.72 and 39.97, respectively. However, despite this lower PE, the overall valuation remains expensive, suggesting that the market may not be fully recognizing the company's potential. Additionally, Elpro's recent stock performance has underperformed the Sensex, with a year-to-date return of -25.41% compared to the Sensex's 7.44%, reinforcing the notion that the stock is overvalued in the current market context.