Is HLE Glascoat overvalued or undervalued?

As of 13 June 2025, HLE Glascoat's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 66.41, an EV to EBITDA of 24.79, and a PEG ratio of 2.68, which suggest that while the company is not undervalued, it is also not excessively priced compared to its earnings growth potential.
In comparison to its peers, HLE Glascoat's PE ratio is slightly lower than Thermax's 66.55 and BEML Ltd's 61.27, both of which are categorized as very expensive. This positions HLE Glascoat more attractively within its industry. Additionally, the company's recent stock performance has outpaced the Sensex, with a year-to-date return of 18.33% compared to the Sensex's 3.81%, reinforcing the notion that it is fairly valued in the current market context.