Is Maks Energy overvalued or undervalued?

As of 22 September 2025, the valuation grade for Maks Energy has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 23.23, an EV to EBITDA of 12.99, and a ROCE of 9.16%.
In comparison to its peers, Maks Energy's PE ratio is significantly lower than Bosch's 52.48 and Uno Minda's 73.66, both of which are classified as expensive. Meanwhile, it is on par with Endurance Tech, which also holds a fair valuation with a PE of 47.41. Notably, while Maks Energy's stock has underperformed over the past year with a return of -31.7%, it has recently outperformed the Sensex with a 1-month return of 27.62% compared to the Sensex's 1.34%. This suggests potential for recovery and aligns with its fair valuation status.