Is HLE Glascoat overvalued or undervalued?

As of 4 November 2025, HLE Glascoat's valuation grade has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 75.46, an EV to EBITDA of 30.64, and a PEG ratio of 0.87, which suggests that while growth expectations are high, the current price may not be justified by its earnings growth potential.
In comparison to peers, HLE Glascoat's PE ratio is significantly higher than Thermax's 58.19 and BEML Ltd's 60.01, both of which are also categorized as expensive. This indicates that HLE Glascoat is trading at a premium relative to its peers in the industrial manufacturing sector. Additionally, while HLE Glascoat has shown strong returns over the past year, outperforming the Sensex with a 61.64% return compared to the Sensex's 5.94%, the high valuation metrics suggest caution for potential investors.