Is NRB Bearings overvalued or undervalued?

As of 24 October 2025, NRB Bearings has moved from an attractive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 18.90, an EV to EBITDA of 12.91, and a PEG ratio of 0.42, indicating a reasonable growth expectation relative to its price. In comparison to its peers, NRB Bearings stands out with a PE ratio lower than Schaeffler India, which is very expensive at 60.66, and Timken India, also very expensive at 49.38. On the other hand, it is more favorable compared to Galaxy Bearings, which is fairly valued with a PE of 19.22. Recent stock performance shows that NRB Bearings has outperformed the Sensex over the past week with a return of 1.87% compared to the Sensex's 0.31%, but has underperformed over the longer term, particularly year-to-date.