Is M & B Engineer. overvalued or undervalued?

As of 29 August 2025, the valuation grade for M & B Engineer has moved from does not qualify to very expensive, indicating a significant shift in its perceived market value. The company is currently assessed as overvalued. Key financial ratios include a PE Ratio of 33.43, an EV to EBITDA of 21.16, and a Price to Book Value of 7.87, all of which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison with peers, M & B Engineer's PE Ratio is notably higher than that of Tata Steel, which has a PE of 39.73, and Jindal Steel, at 23.05, both of which are classified as attractive or fair. Additionally, Lloyds Metals, also very expensive, has a PE of 43.99, indicating that M & B Engineer is in a similar valuation bracket but still appears to be on the higher end. The company's recent stock performance has underperformed the Sensex, with a one-week return of -7.04% compared to the Sensex's -1.84%, further reinforcing the notion of overvaluation.