Is Ratnabhumi Dev. overvalued or undervalued?

As of 19 November 2025, Ratnabhumi Development has seen its valuation grade change from attractive to fair. The company is currently fairly valued, with a PE ratio of 58.24, an EV to EBITDA of 22.56, and a PEG ratio of 0.58. In comparison to its peers, DLF has a PE ratio of 41.7 and an EV to EBITDA of 90.47, while Lodha Developers shows a PE of 36.05 and an EV to EBITDA of 27.34, indicating that Ratnabhumi is priced higher relative to these competitors.
Despite the fair valuation, Ratnabhumi has demonstrated strong stock performance, with a year-to-date return of 73.54% compared to the Sensex's 9.02%, suggesting investor confidence. However, the high PE ratio indicates that the stock may be priced for significant growth, which could be a concern if earnings do not meet expectations in the future.