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 slight improvement in its relative valuation. However, the company remains overvalued based on its current metrics. The PE ratio stands at 48.43, while the EV to EBITDA ratio is 18.95, both significantly higher than many peers in the industry. For instance, PTC India, which is considered very attractive, has a PE ratio of just 8.07, and Optiemus Infra, categorized as expensive, has a PE ratio of 90.33.
In comparison to its peers, Mittal Life Styl's valuation metrics suggest it is overvalued, particularly when considering its low ROE of 2.48% and ROCE of 5.44%. The company's performance has also lagged behind the Sensex, with a year-to-date return of -35.8% compared to the Sensex's 5.04%. Overall, Mittal Life Styl is currently overvalued in the market.