Is FGP overvalued or undervalued?

As of 7 May 2024, the valuation grade for FGP has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, as evidenced by its PE ratio of -12.29, EV to EBITDA of -9.28, and a Price to Book Value of 3.67. These ratios suggest that the company's financial performance is not aligning with its market valuation.
In comparison to its peers, FGP's metrics stand out negatively; for instance, Asahi India Glass has a PE ratio of 51.96 and an EV to EBITDA of 26.88, while Borosil Renewables shows a PE ratio of 134.60, highlighting the stark contrast in valuation among competitors. Additionally, FGP's recent stock performance has lagged behind the Sensex, particularly over the past week with a return of -8.36% compared to the Sensex's 1.40%, reinforcing the notion of its overvaluation in the current market context.