Is Narmada Agrobase overvalued or undervalued?

As of 5 September 2025, the valuation grade for Narmada Agrobase has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 20.45, an EV to EBITDA of 17.70, and a ROE of 21.29%.
In comparison to its peers, Narmada Agrobase's PE ratio is significantly lower than Jain Irrigation's attractive rating of 113.86 and Krishival Foods, which is very expensive at 73.64. However, it is on par with Indo US Bio-Tech, which also holds a fair valuation with a PE of 16.4. The recent stock performance shows a 1-week return of 4.26%, outperforming the Sensex's 1.13% return, which may indicate positive market sentiment despite a slight decline over the past year.