Is IFGL Refractori. overvalued or undervalued?

As of 7 October 2025, the valuation grade for IFGL Refractories has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE Ratio of 72.25, an EV to EBITDA of 18.23, and a Price to Book Value of 1.90. In comparison, RHI Magnesita, which is rated fair, has a PE Ratio of 61.21 and an EV to EBITDA of 24.27, while Vesuvius India is classified as very expensive with a PE Ratio of 41.61.
Despite a strong performance over the past few years, with a 3-year return of 132.8% compared to the Sensex's 40.79%, the current valuation metrics indicate that IFGL Refractories is trading at a premium relative to its peers. This suggests that the stock may not be a favorable investment at its current price of 292.10.