Is Sanmit Infra overvalued or undervalued?

As of 17 June 2025, the valuation grade for Sanmit Infra has moved from expensive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 115.37, an EV to EBITDA ratio of 32.21, and a Price to Book Value of 4.91. These ratios suggest that while the company is not undervalued, it is also not excessively priced compared to its peers.
In comparison to its industry peers, Sanmit Infra's PE ratio is significantly higher than DLF's 45.13 and Macrotech Development's 52.21, both of which are categorized as very expensive. The PEG ratio for Sanmit is notably at 0.00, indicating no growth expectations priced into the stock, which contrasts with peers like Godrej Properties and Prestige Estates, both of which have positive PEG ratios. Despite a recent decline in stock performance relative to the Sensex, where Sanmit Infra has seen a YTD return of -12.38% compared to the Sensex's 4.41%, the fair valuation suggests that the stock may be stabilizing at its current price level.