Is Suraj overvalued or undervalued?

As of 28 July 2025, the valuation grade for Suraj has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 63.21, an EV to EBITDA ratio of 29.79, and a Price to Book Value of 4.92. These ratios suggest that while Suraj is positioned within a competitive range, it still reflects a premium compared to some peers.
In comparison to its peers, JSW Steel has a PE ratio of 49.23 and Tata Steel has a PE ratio of 52.63, both of which are lower than Suraj's. Notably, Jindal Steel, with a PE of 24.67, demonstrates a significant valuation gap. While Suraj's recent stock performance shows a decline of 31.46% year-to-date, it has outperformed the Sensex over the past year with a return of 49.06%. This context reinforces the notion that Suraj, while fairly valued, has room for improvement in its market perception.