Is Subam Papers overvalued or undervalued?

As of 14 November 2025, the valuation grade for Subam Papers has moved from fair to expensive. This indicates that the company is currently overvalued. Key ratios reveal a PE Ratio of 16.76, an EV to EBITDA of 8.70, and a ROE of 8.35%. In comparison to peers, JK Paper, which is rated attractive, has a higher PE Ratio of 21.67 and an EV to EBITDA of 9.25, while West Coast Paper, rated expensive, has a lower PE Ratio of 15.82 and an EV to EBITDA of 5.74. Given these metrics, Subam Papers appears overvalued relative to its peers, particularly when considering its lower ROE and other valuation ratios. Additionally, the company's recent stock performance has significantly outpaced the Sensex, with a 1-year return of 47.83% compared to the Sensex's 9.00%, which may suggest speculative interest rather than fundamental strength.