Is Mittal Life Styl overvalued or undervalued?

As of 1 October 2025, the valuation grade for Mittal Life Styl has moved from very expensive to expensive, indicating a shift in perception regarding its valuation. The company is currently considered overvalued. Key ratios include a PE ratio of 48.43, an EV to EBITDA of 18.95, and a ROE of 2.48%.
In comparison with peers, Mittal Life Styl's PE ratio is significantly higher than that of PTC India, which is very attractive at 8.07, and Lloyds Enterprises, which is very expensive at 29.38. The high valuation ratios suggest that Mittal Life Styl is not only overvalued but also underperforming relative to its peers, particularly in terms of profitability and return on equity. Recent stock performance has been poor, with a year-to-date return of -35.8%, contrasting sharply with the Sensex's gain of 5.04% in the same period, reinforcing the overvaluation narrative.