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 appears to be undervalued given its current price of 587.35, especially when compared to its peers. Key ratios include a PE ratio of 61.32, an EV to EBITDA of 37.72, and a PEG ratio of 1.66, which suggest that while the company is priced at a premium, it may still offer growth potential.
In comparison with its peers, Eureka Forbes has a higher PE ratio than Whirlpool India, which stands at 46.79, and LG Electronics at 49.87, indicating that the market may be pricing in higher growth expectations for Eureka Forbes. Additionally, IFB Industries, which is also rated as attractive, has a lower PE of 56.83, further supporting the notion that Eureka Forbes is undervalued relative to its growth prospects. Notably, the stock has outperformed the Sensex over the past week and month, which may reinforce investor confidence in its valuation.