Is National Fitting overvalued or undervalued?

As of 9 October 2025, the valuation grade for National Fitting has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 22.01, an EV to EBITDA of 12.57, and a PEG ratio of 0.46, which suggests that the stock may be reasonably priced relative to its growth potential.
In comparison to its peers, National Fitting's PE ratio aligns closely with Bharat Forge at 56.41 and Ramkrishna Forging at 27.85, both of which are also rated fair, while CIE Automotive, rated attractive, has a lower PE of 20.14. Additionally, National Fitting has outperformed the Sensex significantly over various periods, with a year-to-date return of 44.35% compared to the Sensex's 5.16%. This strong performance may indicate investor confidence, but the recent grade change suggests a more cautious outlook moving forward.