Is Enkei Wheels overvalued or undervalued?

As of 20 October 2025, the valuation grade for Enkei Wheels has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of -58.14, an EV to EBITDA of 17.91, and a Price to Book Value of 3.59. In comparison to its peers, Bosch is considered expensive with a PE of 52.1, while Endurance Tech is fairly valued with a PE of 48.57.
Despite the recent grade change and the fair valuation, Enkei Wheels has underperformed compared to the Sensex, with a year-to-date return of -30.35% versus the Sensex's 7.97%. This performance, alongside a negative ROE of -6.18%, suggests caution, even as the valuation appears reasonable relative to its peers.