Is Mittal Life Styl overvalued or undervalued?

As of 1 July 2025, the valuation grade for Mittal Life Styl has moved from fair to expensive, indicating that the company is currently overvalued. The key ratios reflect this assessment, with a PE Ratio of 32.09, an EV to EBIT of 20.54, and a Price to Book Value of 1.29. These figures suggest that the company's stock price is not justified by its earnings or book value, especially when compared to peers such as PTC India, which has a much lower PE Ratio of 9.28 and is considered very attractive.
In the context of peer comparisons, Mittal Life Styl's valuation metrics stand out as significantly higher than those of its competitors, with Lloyds Enterprises being categorized as very expensive with a PE Ratio of 197.37. Additionally, the company's recent stock performance has been underwhelming, with a year-to-date return of -31.28%, contrasting sharply with the Sensex's positive return of 8.02% over the same period. This further reinforces the conclusion that Mittal Life Styl is overvalued in the current market environment.