Is G G Engineering overvalued or undervalued?

As of 25 April 2023, G G Engineering's valuation grade has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company appears to be undervalued based on its current financial metrics. Key ratios include a PE ratio of 10.64, an EV to EBIT of -37.62, and an ROE of 11.55%.
In comparison to its peers, G G Engineering's PE ratio is notably lower than that of ABB India Ltd., which has a PE of 67.88, and Bharat Heavy Electricals Ltd., with a PE of 166.73, both classified as very expensive. This suggests that G G Engineering may present a more attractive investment opportunity relative to its peers. Additionally, the company's stock has underperformed significantly against the Sensex, with a year-to-date decline of 68.18%, further reinforcing the notion that it may be undervalued in the current market environment.