Is Scoda Tubes overvalued or undervalued?

As of 14 November 2025, Scoda Tubes has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 32.37, an EV to EBITDA ratio of 15.30, and a ROE of 21.11%. In comparison to its peers, JSW Steel has a significantly higher PE ratio of 46.61, while Tata Steel, which is rated attractive, has a lower PE of 29.2.
The company's valuation metrics suggest it is positioned reasonably within the market, especially when compared to peers like Jindal Steel, which has a PE of 27.71 and is also rated fair. Notably, Scoda Tubes has outperformed the Sensex in the past week and month, with returns of 4% and 6.16%, respectively, reinforcing its current valuation stance.