Is Symphony overvalued or undervalued?

As of 20 June 2025, Symphony's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently fairly valued, with a PE ratio of 44.51, an EV to EBITDA ratio of 23.74, and a PEG ratio of 3.83. In comparison to its peers, Whirlpool India has a higher PE ratio of 47.44, while Eureka Forbes stands out with a significantly higher EV to EBITDA ratio of 41.76, suggesting that Symphony is positioned competitively within its industry.
Despite its strong return on capital employed (ROCE) of 40.65% and return on equity (ROE) of 21.94%, Symphony has underperformed against the Sensex in various time frames, including a year-to-date decline of 19.81% compared to the Sensex's gain of 5.46%. This underperformance, coupled with its current valuation metrics, reinforces the conclusion that Symphony is fairly valued in the current market environment.