Is Igarashi Motors overvalued or undervalued?

As of 7 November 2025, Igarashi Motors has moved from an expensive to a very attractive valuation grade. The company appears to be undervalued, particularly when considering its low Price to Book Value of 0.33 and a PEG Ratio of 0.00, which indicates significant growth potential relative to its price. Additionally, the PE Ratio stands at 101.25, which, while high, is offset by the attractive valuation grade.
In comparison to its peers, Igarashi Motors' PE Ratio is substantially higher than Bosch's 49 and Samvardhana Motherson's 32.06, while its EV to EBITDA of 31.76 is also higher than Bosch's 44.24. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -31.39% compared to the Sensex's 6.50%, the underlying valuation metrics suggest that Igarashi Motors is positioned for potential upside, reinforcing its status as undervalued in the current market.