Is Raymond Realty overvalued or undervalued?

As of 29 August 2025, the valuation grade for Raymond Realty has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued, with a PE ratio of 227.16, a Price to Book Value of 84.85, and an EV to EBITDA of 73.37. These ratios are substantially higher than those of its peers, such as DLF with a PE of 38.29 and Lodha Developers with a PE of 40.42, highlighting the premium at which Raymond Realty is trading.
In comparison to its industry, Raymond Realty's financial metrics suggest a disconnect between its market price and fundamental value, reinforcing the conclusion of overvaluation. Recent stock performance has also been underwhelming, with a 1-month return of -14.24% compared to a -1.88% return for the Sensex, further supporting the view that the stock may not be a favorable investment at this time.