Is Panasonic Energy overvalued or undervalued?

As of 19 August 2025, Panasonic Energy's valuation grade has moved from very attractive to attractive. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 30.52, an EV to EBITDA of 16.56, and a ROCE of 13.52%.
In comparison to peers, Panasonic Energy's PE ratio is lower than Exide Industries at 39.41 and HBL Engineering at 63.82, both of which are considered very expensive. However, it is higher than Amara Raja Energy, which has a PE ratio of 23.25 and is also rated as attractive. Notably, Panasonic Energy has underperformed the Sensex over the past year, with a return of -35.09% compared to the Sensex's 1.52%, which may indicate potential for recovery as the market stabilizes.