Is ICE Make Refrig. overvalued or undervalued?

Jun 09 2025 04:19 PM IST
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As of April 30, 2025, ICE Make Refrigeration is considered expensive and overvalued, with a PE ratio of 57.65, significantly higher than the industrial manufacturing sector average, despite a year-to-date stock performance of 11.83% compared to the Sensex's 6.22%.
As of 30 April 2025, the valuation grade for ICE Make Refrigeration has moved from very expensive to expensive. The company is currently considered overvalued based on its high valuation ratios. The PE ratio stands at 57.65, the Price to Book Value is 10.74, and the EV to EBITDA ratio is 33.22, all indicating a premium valuation compared to industry norms.

In comparison to its peers, ICE Make Refrigeration's PE ratio is significantly higher than the average for the industrial manufacturing sector, which typically ranges lower. For instance, a peer company might have a PE ratio of around 25, highlighting ICE Make's relative overvaluation. Additionally, the company's recent stock performance has outpaced the Sensex, with a year-to-date return of 11.83% compared to the Sensex's 6.22%, but this does not negate the current overvaluation status.
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