Is Energy-Mission overvalued or undervalued?

As of 25 September 2025, the valuation grade for Energy-Mission has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued. Key ratios include a PE ratio of 16.38, an EV to EBITDA of 10.64, and a ROE of 14.81%.
When compared to peers, Energy-Mission's PE ratio is notably lower than that of Thermax, which stands at 57.41, and BEML Ltd, with a PE of 60.79, both classified as very expensive. Despite the company's relatively lower ratios, the overall valuation suggests it is out of alignment with market expectations. Additionally, Energy-Mission has underperformed significantly compared to the Sensex, with a year-to-date return of -43.33% against the Sensex's positive return of 5.27%.