Is Manaksia Coated overvalued or undervalued?

As of 17 July 2025, the valuation grade for Manaksia Coated has moved from very expensive to expensive, indicating a slight improvement in its perceived value. However, the company is still considered overvalued. Key ratios reveal a PE ratio of 99.37, a Price to Book Value of 6.34, and an EV to EBITDA of 28.92, all of which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Manaksia Coated's PE ratio significantly exceeds that of Rail Vikas at 62.07 and Tube Investments at 83.88, both of which are also classified as expensive. The company's recent stock performance has outpaced the Sensex, with a year-to-date return of 22.25% compared to the Sensex's 5.27%, which may indicate strong market interest despite its high valuation metrics. Overall, Manaksia Coated appears to be overvalued in the current market environment.