Is Eureka Forbes overvalued or undervalued?

As of 14 November 2025, Eureka Forbes has moved from a fair to an attractive valuation grade. The company is currently considered overvalued based on its high valuation ratios, including a PE ratio of 61.32, an EV to EBITDA of 37.72, and a PEG ratio of 1.66. In comparison to its peers, Whirlpool India has a PE ratio of 46.79 and an EV to EBITDA of 25.44, while IFB Industries, also rated attractive, has a PE of 56.83 and an EV to EBITDA of 22.83.
Despite the attractive grade, the high valuation ratios suggest that Eureka Forbes may be overvalued in the current market. Recent stock performance shows a 1-week return of 9.83%, significantly outperforming the Sensex's 1.62% return, but the longer-term performance indicates a decline of 1.26% over the past year compared to the Sensex's 9.00% increase. This discrepancy further supports the view that the stock may be overvalued relative to its peers and market performance.