Is P S Raj Steels overvalued or undervalued?

As of 29 September 2025, the valuation grade for P S Raj Steels has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently assessed as undervalued. Key financial ratios reveal a PE ratio of 24.61, an EV to EBITDA of 15.15, and a ROCE of 16.49%.
In comparison to its peers, P S Raj Steels stands out with a lower EV to EBITDA ratio than JSW Steel, which has a ratio of 14.22, and a higher PE ratio than Tata Steel, which is at 43.48. This suggests that while P S Raj Steels is performing well, it remains competitively priced against its peers. Notably, the company's stock has outperformed the Sensex over the past week, with a return of 15.02% compared to the Sensex's decline of 2.25%, reinforcing the attractiveness of its current valuation.