Is Petronet LNG overvalued or undervalued?

As of 23 July 2025, the valuation grade for Petronet LNG has moved from very attractive to attractive. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 11.58, an EV to EBITDA of 6.97, and a dividend yield of 3.26%.
When compared to peers, Petronet LNG's valuation stands out, particularly against Linde India, which has a significantly higher PE ratio of 123.73, and Ellen. Indl. Gas, with a PE of 96.52. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -11.32% compared to the Sensex's 5.87%, the company's strong ROCE of 38.09% and ROE of 19.99% suggest solid operational efficiency, reinforcing its current valuation status.