Is Ganesh Green overvalued or undervalued?

As of 24 October 2025, Ganesh Green has moved from a fair valuation to an expensive one. The company is currently overvalued, with a PE ratio of 33.68, a Price to Book Value of 5.01, and an EV to EBITDA ratio of 22.77. In comparison to its peers, Thermax has a significantly higher PE ratio of 58.16 and an EV to EBITDA of 38.34, while BEML Ltd is even more expensive with a PE of 61.79 and an EV to EBITDA of 36.90.
Despite a recent stock return of 13.95% over the past year, which outperformed the Sensex's 5.72%, the overall valuation metrics suggest that Ganesh Green is not justified at its current price of 402.20, especially given its high valuation ratios relative to peers. The company's financial ratios indicate that it may not provide sufficient returns to support its elevated market price.