Is Marine Electric. overvalued or undervalued?

As of 6 November 2025, the valuation grade for Marine Electric has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 67.63, an EV to EBITDA of 26.22, and a PEG ratio of 3.43, which are significantly higher than those of its peers. For instance, Rail Vikas has a PE ratio of 55.57, while AIA Engineering shows an EV to EBITDA of 23.45, indicating that Marine Electric's valuation metrics are less favorable compared to these competitors.
Despite a recent stock price decline of 7.59% over the past week, the company's long-term performance has been impressive, with a 598.63% return over the last three years. However, the current valuation metrics suggest that Marine Electric may not justify its high price relative to its earnings and growth potential, reinforcing the conclusion that it is overvalued in the current market.