Is Greenlam Industr overvalued or undervalued?

As of 10 November 2025, the valuation grade for Greenlam Industries has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued. Key ratios highlight this assessment: the PE ratio stands at an exceptionally high 213.61, the Price to Book Value is 6.02, and the EV to EBITDA ratio is 28.57.
In comparison to its peers, Greenlam's valuation metrics are significantly higher; for instance, Altius Telecom, which is rated very attractive, has a PE ratio of 56.22 and an EV to EBITDA of 10.61. Other peers like Embassy Office REIT and Inventurus Knowledge Solutions also show lower valuations, with PE ratios of 134.06 and 59.26, respectively. Additionally, Greenlam's recent stock performance has outpaced the Sensex over the past week and month, but its year-to-date return of -7.95% suggests underlying challenges that may not justify its high valuation.