Is Elpro Internatio overvalued or undervalued?

As of 12 November 2025, the valuation grade for Elpro International has moved from expensive to very expensive. This indicates a significant shift in the company's perceived value, suggesting that it is currently overvalued. The company's key ratios include a PE ratio of 16.39, an EV to EBITDA of 22.06, and a Price to Book Value of 0.75, which highlight its elevated valuation relative to its earnings and asset base.
When compared to peers, Elpro's PE ratio is notably lower than that of DLF, which stands at 42.67, and Lodha Developers at 36.43, both of which are also classified as very expensive. However, Elpro's PEG ratio of 0.00 indicates that it may not be growing at a pace that justifies its current valuation. The recent stock performance shows that Elpro has underperformed the Sensex year-to-date, with a return of -22.01% compared to the Sensex's 8.10%. Overall, Elpro International appears to be overvalued in the current market context.