Is Freshara Agro overvalued or undervalued?

As of 14 November 2025, Freshara Agro's valuation grade has moved from very expensive to expensive, indicating a slight improvement in perceived value. However, the company is still considered overvalued. The key ratios include a PE ratio of 11.85, an EV to EBIT of 11.63, and an ROE of 22.55%.
In comparison to peers, Freshara Agro's PE ratio is significantly lower than Elitecon International, which has a PE of 309.88, and much higher than PTC India, which is at 7.52. Despite its relatively strong ROCE of 18.26%, the company's recent stock performance has been underwhelming, with a year-to-date return of -14.72%, contrasting sharply with the Sensex's gain of 9.58% in the same period.