Is Paramount Specia overvalued or undervalued?

As of 10 November 2025, the valuation grade for Paramount Special moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 14.84, while the EV to EBITDA ratio is 9.00, and the Price to Book Value is 1.28.
In comparison to peers, Paramount Special's PE ratio is significantly lower than that of Thermax, which has a PE of 55.73, and BEML Ltd, with a PE of 56.52, indicating that while Paramount is expensive, it is less so than its peers. However, the company has underperformed in the market, with a year-to-date return of -48.19% compared to a positive 8.16% return for the Sensex, reinforcing the view that it is overvalued at its current price of 33.70.