Is Steel Exchange overvalued or undervalued?

As of 12 November 2025, the valuation grade for Steel Exchange has moved from very attractive to attractive. The company is currently considered overvalued. Key ratios include a PE ratio of 33.33, an EV to EBITDA of 11.15, and a PEG ratio of 0.48, which suggests that while the growth potential is favorable, the current price may not justify the earnings relative to its peers.
In comparison to its peers, Steel Exchange's PE ratio is significantly lower than that of JSW Steel at 47.32 and Tata Steel at 45.95, both rated as fair. Additionally, the EV to EBITDA ratio of 11.15 is more favorable than that of JSW Steel but higher than Jindal Steel's 13.06. Despite recent underperformance relative to the Sensex, with a year-to-date return of -12.23% compared to the Sensex's 8.10%, the company's valuation metrics indicate that it is overvalued in the current market context.