Is Patels Airtemp overvalued or undervalued?

As of 3 October 2025, Patels Airtemp's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as fairly valued, with a PE ratio of 13.48, an EV to EBITDA of 8.30, and a Price to Book Value of 1.29. These ratios suggest that while the company is performing reasonably well, it may not present the same level of investment appeal as before.
In comparison to its peers, Patels Airtemp's PE ratio is significantly lower than that of Rail Vikas, which stands at 60.71, and Tube Investments, which is at 93.88. This positions Patels Airtemp favorably within its industry, especially considering its attractive EV to EBITDA ratio compared to the higher valuations of its peers. Despite a recent downturn in stock performance, with a year-to-date return of -46.21% against a Sensex return of 3.93%, the company's fundamentals suggest it is maintaining a stable valuation relative to its competitors.