Is Parnax Lab overvalued or undervalued?

As of 4 November 2025, Parnax Lab's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 14.03, an EV to EBITDA of 8.53, and a ROE of 13.86%.
In comparison to peers, Parnax Lab's PE Ratio is significantly lower than Elitecon International, which is deemed very expensive with a PE of 373.69, and MMTC, which has a PE of 142.62. Meanwhile, Optiemus Infra, also classified as fair, has a PE of 77.75, suggesting that Parnax Lab is competitively positioned within its industry. Despite a recent stock performance that outpaced the Sensex over the past week and month, the overall year-to-date return of -21.43% indicates challenges that may have contributed to the current valuation stance.