Is Ganesh Green overvalued or undervalued?

As of 16 October 2025, Ganesh Green's valuation grade has moved from expensive to fair, indicating a potential shift in market perception. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 31.22, an EV to EBITDA of 21.10, and a ROCE of 20.67%.
In comparison to its peers, Ganesh Green's valuation stands out against Thermax, which is considered expensive with a PE ratio of 56.18, and BEML Ltd, which is very expensive with a PE ratio of 61.63. While Ganesh Green's valuation reflects a more reasonable stance, it is important to note that the company has underperformed relative to the Sensex, with a year-to-date return of -33.44% compared to the Sensex's 8.21%. This underperformance may suggest that the market has yet to fully recognize the fair valuation of Ganesh Green.