Is Gandhar Oil Ref. overvalued or undervalued?

As of 20 October 2025, the valuation grade for Gandhar Oil Refinery has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued. Key ratios include a PE ratio of 17.77, an EV to EBITDA of 9.26, and a Price to Book Value of 1.08, which suggest that the company is trading at favorable multiples compared to its earnings and book value. In comparison to its peers, Reliance Industries has a PE ratio of 23.88 and an EV to EBITDA of 5.60, while ONGC is categorized as very expensive with a PE of 8.65 and an EV to EBITDA of 4.68. These comparisons highlight that Gandhar Oil Refinery is positioned more attractively within its industry. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -35.7% compared to the Sensex's 7.97%, the underlying valuation metrics suggest that there is potential for recovery and growth in the company's stock price.