Is Evans Electric overvalued or undervalued?

As of 11 July 2025, the valuation grade for Evans Electric has moved from very expensive to expensive, indicating a slight improvement in perceived value. The company is currently considered overvalued. Key ratios include a PE Ratio of 13.41, an EV to EBITDA of 10.40, and a ROCE of 53.48%.
In comparison to peers, Evans Electric's PE Ratio is significantly lower than Elitecon International and Lloyds Enterprises, which are both classified as very expensive with PE Ratios of 224.95 and 202.03, respectively. However, it is higher than PTC India, which is rated very attractive with a PE Ratio of 9.61. Notably, Evans Electric has outperformed the Sensex over the past year with a return of 31.91% compared to the Sensex's 3.26%, reinforcing the narrative of its current overvaluation.