Is Panasonic Energy overvalued or undervalued?

As of 2 September 2025, Panasonic Energy's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 30.64, an EV to EBITDA of 16.62, and a ROCE of 13.52%.
In comparison to its peers, Panasonic Energy's PE ratio is lower than Exide Industries at 41.61 and HBL Engineering at 68.86, both of which are considered very expensive. However, it is higher than Amara Raja Energy, which has a PE of 23.91 and is rated attractive. The stock has underperformed in the year-to-date period with a return of -24.50%, contrasting with the Sensex's gain of 2.58%, further supporting the view that the stock may be fairly valued given its current market conditions.