Is Garg Furnace overvalued or undervalued?

As of 31 October 2025, Garg Furnace has moved from a fair to an attractive valuation grade. The company is currently considered undervalued, with a PE ratio of 11.59, an EV to EBITDA of 10.05, and a ROE of 13.69%. In comparison to its peers, Garg Furnace's valuation stands out; for instance, JSW Steel is deemed expensive with a PE ratio of 48.13, while Tata Steel is rated fair at 47.06.
Despite recent stock performance showing a significant decline of 53.03% over the past year compared to a 5.73% increase in the Sensex, Garg Furnace's attractive valuation metrics suggest it may present a buying opportunity. The company's strong ratios, particularly its low EV to Sales of 0.28, further reinforce the notion that it is undervalued relative to its industry peers.