Is Energy-Mission overvalued or undervalued?

As of 12 November 2025, the valuation grade for Energy-Mission has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 16.49, an EV to EBITDA of 10.71, and a ROCE of 17.55%.
In comparison to peers, Energy-Mission's PE ratio is notably lower than that of Thermax at 61.43 and BEML Ltd at 56.53, both categorized as very expensive. This suggests that while Energy-Mission has a lower valuation multiple, it is still positioned within a highly valued sector. Additionally, the company's stock has underperformed significantly year-to-date, with a return of -42.94%, contrasting sharply with the Sensex's gain of 9.44% during the same period, reinforcing the notion of overvaluation.