Is Greenply Industr overvalued or undervalued?

As of 29 April 2025, the valuation grade for Greenply Industries has moved from very attractive to attractive. The company is currently considered fairly valued. Key ratios include a PE ratio of 42.02, an EV to EBITDA of 18.27, and a ROCE of 13.66%.
In comparison to its peers, Greenply's PE ratio is significantly lower than Century Plyboard, which stands at 90.65, indicating that Greenply is more reasonably priced despite its attractive valuation. Meanwhile, Greenpanel Industries, rated very attractive, has a PE ratio of 23.4, suggesting that Greenply may still have room for improvement in its valuation. Over the past year, Greenply's stock has returned 7.54%, closely aligning with the Sensex's return of 7.60%, reinforcing its position in the market.