Is Refractory Shap. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Refractory Shap. has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued. Key ratios include a PE Ratio of 15.19, an EV to EBITDA of 10.19, and a Price to Book Value of 2.04.
In comparison to its peers, Vesuvius India has a much higher PE Ratio of 39.64, while RHI Magnesita, which is rated very attractive, boasts a PE of 56.23. This suggests that Refractory Shap. is not only overvalued relative to its own historical performance but also when compared to its industry peers. Notably, the company's stock has underperformed significantly, with a year-to-date return of -55.63%, contrasting sharply with the Sensex's positive return of 9.09% over the same period.