Is Maithan Alloys overvalued or undervalued?

As of 1 July 2025, the valuation grade for Maithan Alloys has moved from attractive to fair. The company is currently fairly valued, with a PE ratio of 5.71, a Price to Book Value of 0.96, and an EV to EBITDA of 12.15. In comparison with peers, Indian Metals has a significantly higher PE ratio of 11.37 and an EV to EBITDA of 7.10, while Nagpur Power is considered expensive with a PE of 58.12.
The recent performance of Maithan Alloys has outpaced the Sensex, with a year-to-date return of 11.26% compared to the Sensex's 7.11%. Overall, while Maithan Alloys appears fairly valued based on its current ratios and peer comparisons, its strong performance relative to the broader market may indicate potential for future appreciation.