Is Garware Hi Tech overvalued or undervalued?

As of 14 November 2025, the valuation grade for Garware Hi Tech has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios reflect this assessment, with a PE Ratio of 27.89, an EV to EBITDA of 19.41, and a Price to Book Value of 3.48, all of which are substantially higher than those of its peers.
In comparison, AGI Greenpac and Uflex, both categorized as attractive, have PE Ratios of 14.45 and 12.32, respectively, highlighting the premium Garware Hi Tech commands in the market. Additionally, its PEG Ratio stands at 13.02, further emphasizing the overvaluation relative to its growth prospects. While Garware Hi Tech has shown impressive returns over the long term, its recent performance has lagged behind the Sensex, with a year-to-date decline of 25.71% compared to the Sensex's gain of 8.22%.