Is Enkei Wheels overvalued or undervalued?

As of 23 October 2025, the valuation grade for Enkei Wheels has moved from fair to expensive. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of -59.59, an EV to EBITDA of 18.27, and a Price to Book Value of 3.68.
In comparison to its peers, Enkei Wheels stands out with a significantly negative PE ratio, while Bosch has a PE of 51.85 and an EV to EBITDA of 46.85, indicating a stark contrast in valuation. Samvardhan Motherson, which is rated attractive, has a PE of 33.25 and an EV to EBITDA of 12.16, further emphasizing Enkei's overvaluation. Additionally, the company's stock has underperformed relative to the Sensex, with a year-to-date return of -28.61% compared to the Sensex's 8.21%, reinforcing the view that Enkei Wheels is currently overvalued.