Is Narmada Agrobase overvalued or undervalued?

As of 2 September 2025, Narmada Agrobase has moved from a fair to an expensive valuation grade, indicating that the stock is currently overvalued. The company's key ratios include a PE ratio of 21.03, an EV to EBITDA of 18.15, and a ROE of 21.29%. In comparison to its peers, Jain Irrigation is valued attractively with a PE ratio of 111.98, while Indo US Bio-Tech is fairly valued with a PE ratio of 16.57.
Given these metrics, Narmada Agrobase appears to be overvalued in the current market. The company's stock has shown a 10.89% return over the past month, outperforming the Sensex, which indicates some positive momentum, but this does not negate the overall expensive valuation relative to its peers.