Is Sylvan Plyboard overvalued or undervalued?

As of 10 October 2025, Sylvan Plyboard's valuation grade has moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears to be undervalued, with a PE ratio of 17.72, an EV to EBIT of 9.70, and an EV to EBITDA of 8.30, which are relatively low compared to its peers. For instance, Century Plyboard has a significantly higher PE ratio of 84.84, while Greenpanel Industries, which is rated very attractive, has a PE ratio of 26.53.
In comparison to its peers, Sylvan Plyboard's valuation metrics suggest it is positioned well within the market. The company's Price to Book Value stands at 0.98, indicating it is trading close to its book value, further supporting the undervaluation thesis. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -25.76% compared to the Sensex's 6.94%, the attractive valuation signals potential for recovery and growth in the future.