Is Energy-Mission overvalued or undervalued?

As of 14 November 2025, the valuation grade for Energy-Mission has moved from very expensive to expensive. The company is currently considered overvalued. 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 peers, Energy-Mission's PE ratio is significantly lower than Thermax's 60.32 and BEML Ltd's 56.6, both of which are categorized as very expensive.
Despite the recent decline in stock performance, with a year-to-date return of -43.79% compared to the Sensex's 9.58%, Energy-Mission's valuation metrics suggest that it remains overpriced relative to its peers and industry standards.