Is Nexxus Petro overvalued or undervalued?

As of 28 August 2025, Nexxus Petro's valuation grade has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 15.41, an EV to EBITDA of 10.02, and a ROE of 70.54%.
In comparison to its peers, Agarwal Industrial has a more attractive PE ratio of 12.94 and an EV to EBITDA of 8.47, while Manali Petrochem is also categorized as very expensive with a PE ratio of 33.89 and an EV to EBITDA of 15.04. Despite a recent YTD return of 7.83%, which outperformed the Sensex's 2.48%, the high valuation metrics suggest that Nexxus Petro may not justify its current price level in the market.