Is Garg Furnace overvalued or undervalued?

As of 24 October 2025, Garg Furnace's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently fairly valued. Key ratios include a PE Ratio of 12.59, an EV to EBITDA of 11.06, and a ROE of 13.69%. In comparison to peers, Garg Furnace's PE Ratio is significantly lower than that of JSW Steel at 45.42 and Tata Steel at 44.89, both of which are also rated fair. Additionally, the company's EV to Sales ratio of 0.31 suggests it is trading at a discount relative to its peers. While Garg Furnace has underperformed the Sensex year-to-date with a return of -36.99% compared to the Sensex's 7.77%, its long-term performance over 5 years shows a remarkable return of 1162.59%, reflecting its potential for recovery.