Is Rathi Steel overvalued or undervalued?

As of 4 November 2025, Rathi Steel's valuation grade has moved from attractive to fair. The company is currently fairly valued, with a PE ratio of 29.03, an EV to EBITDA of 12.71, and a PEG ratio of 0.37. In comparison to peers, JSW Steel is considered expensive with a PE of 47.14, while Tata Steel is also fairly valued with a PE of 46.11, indicating that Rathi Steel's valuation is more reasonable relative to these competitors.
Despite the recent stock performance showing a 13.37% return over the past week compared to a -1.38% return for the Sensex, the year-to-date performance of -31.15% suggests challenges ahead. Overall, Rathi Steel appears to be fairly valued amidst a competitive landscape, with ratios that reflect a balanced position in the iron and steel products industry.