Is Suraj overvalued or undervalued?

As of 6 October 2025, the valuation grade for Suraj has moved from expensive to fair. The company is currently fairly valued. Key ratios include a PE ratio of 56.01, an EV to EBITDA of 26.70, and a ROE of 10.01%. In comparison to peers, JSW Steel has a PE ratio of 55.4 and Tata Steel has a PE ratio of 43.72, indicating that Suraj's valuation is in line with its industry but on the higher end. Despite the fair valuation, Suraj has faced significant stock performance challenges, with a year-to-date return of -39.27% compared to a 4.67% gain in the Sensex. This underperformance may suggest that while the stock is fairly valued based on ratios, market sentiment and external factors could be influencing its price negatively.