Is Evans Electric overvalued or undervalued?

As of 19 November 2025, the valuation grade for Evans Electric has moved from fair to expensive. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of 10.15, an EV to EBIT of 7.28, and a PEG ratio of 0.21, which indicates a significant discrepancy when compared to its peers. For instance, PTC India, which is rated very attractive, has a PE ratio of 7.5 and an EV to EBITDA of 2.41, highlighting the relative overvaluation of Evans Electric.
In comparison to other peers, such as Elitecon International and Lloyds Enterprises, which are both categorized as very expensive with PE ratios of 265.8 and 28.15 respectively, Evans Electric's ratios suggest it is still overpriced despite being lower than these extremes. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -22.26% compared to the Sensex's 9.02%, reinforcing the notion of overvaluation.