Is IFGL Refractori. overvalued or undervalued?

As of 31 October 2025, the valuation grade for IFGL Refractori. moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a PE Ratio of 61.10, an EV to EBITDA of 15.49, and a Price to Book Value of 1.61. In comparison, peer RHI Magnesita, which is also rated fair, has a PE of 60.06 and an EV to EBITDA of 23.83, while Vesuvius India is rated very expensive with a PE of 39.97 and an EV to EBITDA of 28.57.
The company's valuation suggests it is neither undervalued nor overvalued at this time. Notably, IFGL Refractori. has a low PEG Ratio of 0.00, indicating no expected growth, which is a significant outlier compared to its peers. Recent stock performance shows a decline over the past month at -12.61%, contrasting with a positive Sensex return of 3.65%, but over a three-year period, the stock has outperformed the Sensex with a return of 98.83%.