Is Race Eco overvalued or undervalued?

As of 14 November 2025, the valuation grade for Race Eco has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 49.58, an EV to EBITDA of 28.31, and a PEG Ratio of 0.16, which indicates strong growth potential relative to its price.
In comparison to its peers, Race Eco's PE Ratio is significantly lower than that of Elitecon International, which stands at 309.88, and MMTC at 139.98, both classified as very expensive. Additionally, Optiemus Infra, also rated fair, has a PE Ratio of 75.09, further supporting Race Eco's relative valuation. Notably, the company's stock has underperformed against the Sensex, with a year-to-date return of -53.78% compared to the Sensex's 8.22%, highlighting the potential for recovery as the valuation aligns more closely with its peers.