Is Parmeshwar Metal overvalued or undervalued?

As of 22 August 2025, the valuation grade for Parmeshwar Metal has moved from very expensive to expensive, indicating a slight improvement in its valuation perception. Despite this change, the company is still considered overvalued. Key ratios include a PE ratio of 9.76, an EV to EBITDA of 8.35, and a ROE of 29.51%.
When compared to peers, Coal India has a more attractive PE ratio of 6.96 and an EV to EBITDA of 4.47, while NMDC shows a PE of 9.43 and an EV to EBITDA of 6.74. These comparisons highlight Parmeshwar Metal's relatively higher valuation metrics, reinforcing the conclusion that it is overvalued in its current state.