Is Patels Airtemp overvalued or undervalued?

As of 11 August 2025, the valuation grade for Patels Airtemp has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered undervalued, with a PE ratio of 13.57, an EV to EBITDA of 8.34, and a Price to Book Value of 1.30. These ratios suggest that the stock is trading at a discount compared to its earnings and assets.
In comparison to its peers, Patels Airtemp's valuation stands out as more favorable; for instance, Rail Vikas is deemed expensive with a PE ratio of 55.71, while Tube Investments is classified as very expensive with a PE of 89.36. Despite recent poor performance, with a year-to-date return of -45.86% compared to the Sensex's 3.15%, the underlying ratios and peer comparisons support the conclusion that Patels Airtemp is undervalued in the current market.