Is Subam Papers overvalued or undervalued?

As of 14 October 2025, the valuation grade for Subam Papers has moved from attractive to fair, indicating a shift in perceived value. The company is currently fairly valued, with a PE ratio of 12.19, an EV to EBITDA ratio of 6.85, and a ROE of 8.35%. In comparison to its peers, JK Paper, which is rated attractive, has a significantly higher PE ratio of 19.33, while West Coast Paper, also attractive, has a PE of 12.27.
Subam Papers' valuation metrics suggest it is positioned reasonably within the market, but the recent performance shows a decline, with a year-to-date return of -1.65% compared to the Sensex's 4.98%. This underperformance, alongside its fair valuation grade, suggests that while the company is not overvalued, it may face challenges in enhancing its market appeal relative to its peers.