Is Energy-Mission overvalued or undervalued?

As of 14 November 2025, the valuation grade for Energy-Mission has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 16.24, an EV to EBITDA of 10.92, and a ROCE of 15.46%.
In comparison to its peers, Energy-Mission's PE ratio is significantly lower than that of Thermax, which stands at 60.32, and BEML Ltd, which has a PE of 56.6. This suggests that while Energy-Mission is classified as expensive, it is still more attractively priced relative to some of its competitors. The recent stock performance has been notably poor, with a year-to-date return of -43.79%, contrasting sharply with the Sensex's gain of 9.58%, further reinforcing the view that the company may be overvalued in the current market context.