Is HLE Glascoat overvalued or undervalued?

As of 13 June 2025, HLE Glascoat's valuation grade has moved from expensive to fair, indicating a reassessment of its market position. The company is currently fairly valued based on its financial metrics, with a PE ratio of 66.41, an EV to EBITDA of 24.79, and a PEG ratio of 2.68. Compared to its peers, HLE Glascoat's valuation appears more reasonable, especially when juxtaposed with Thermax, which has a PE of 66.55, and BEML Ltd, with a PE of 61.27, both categorized as very expensive.
While HLE Glascoat's recent stock performance has outpaced the Sensex over the past month with a return of 53.33% compared to the Sensex's negligible change, its longer-term performance shows a decline over three years at -34.69%. This suggests that while the current valuation is fair, investors should remain cautious about potential volatility and the company's ability to sustain growth in the future. Overall, HLE Glascoat is fairly valued in the current market context.