Is HVAX Technolog. overvalued or undervalued?

As of 28 August 2025, the valuation grade for HVAX Technolog. has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued based on its financial metrics. Key ratios include a PE ratio of 20.63, an EV to EBITDA of 13.32, and a ROE of 36.08%.
When compared to peers, HVAX Technolog. stands out with a lower PE ratio than Rail Vikas, which has a PE of 54.01, but is still considered very expensive relative to the industry. Other peers like Tube Investments and AIA Engineering also reflect higher valuation metrics, with PE ratios of 87.59 and 25.8, respectively. Despite a strong year-to-date stock return of 26.91%, which outperformed the Sensex's 3.62%, the overall valuation suggests that HVAX Technolog. is overvalued in the current market context.