Is Exide Inds. overvalued or undervalued?

As of 17 November 2025, Exide Industries has moved from a valuation grade of very expensive to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 41.23, an EV to EBITDA of 18.71, and a Price to Book Value of 2.21. In comparison to peers, HBL Engineering has a higher PE ratio of 43.52 and EV to EBITDA of 31.41, while Amara Raja Energy is more favorably valued with a PE ratio of 24.27 and an EV to EBITDA of 11.88.
Despite the recent stock performance showing a decline of 8.54% over the past year compared to a 9.50% gain in the Sensex, the valuation metrics indicate that Exide Industries remains expensive relative to its peers, suggesting that investors may be paying a premium for its shares.