Is Prince Pipes overvalued or undervalued?

As of 18 September 2025, the valuation grade for Prince Pipes has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued, with a PE ratio of 160.45, an EV to EBITDA of 27.29, and a Price to Book Value of 2.37. These figures suggest that the stock is trading at a significant premium compared to its earnings and book value.
In comparison to its peers, Prince Pipes stands out with a much higher PE ratio than Supreme Industries at 63.78 and Finolex Industries at 33.75, both of which are also categorized as expensive. The PEG ratio for Prince Pipes is notably 0.00, indicating no growth expectations priced into the stock, which raises concerns about its valuation sustainability. Recent performance shows that while the stock has outperformed the Sensex over the past week, it has significantly underperformed on a year-to-date basis, down 21.4% compared to the Sensex's 6.24% gain, reinforcing the notion that the stock may be overvalued at its current price of 338.00.