Is South. Magnesium overvalued or undervalued?

As of 19 May 2025, the valuation grade for South. Magnesium has moved from fair to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE Ratio of 12.88, an EV to EBITDA of 10.83, and a ROE of 25.32%.
In comparison with peers, Hindustan Zinc has a PE Ratio of 20.37 and an EV to EBITDA of 12.30, while Vedanta presents a more attractive valuation with a PE Ratio of 12.87 and an EV to EBITDA of 5.42. Notably, South. Magnesium's recent stock performance has been underwhelming, with a year-to-date return of -48.39%, contrasting sharply with the Sensex's gain of 5.58% during the same period.