Is IFGL Refractori. overvalued or undervalued?

As of 26 June 2025, the valuation grade for IFGL Refractories has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 41.85, an EV to EBITDA ratio of 14.41, and a Price to Book Value of 1.62. In comparison to its peers, RHI Magnesita is also fairly valued with a PE of 49.66 and an EV to EBITDA of 21.58, while Vesuvius India is considered very expensive with a PE of 44.74 and an EV to EBITDA of 32.58.
The company's recent performance shows a year-to-date return of 8.75%, which slightly outperforms the Sensex return of 7.19% over the same period. Given the ratios and peer comparisons, IFGL Refractories appears to be positioned well within its industry, indicating a fair valuation at this time.