Is Symphony overvalued or undervalued?

As of 1 July 2025, Symphony's valuation grade has moved from attractive to fair, indicating a shift in its market perception. The company is currently fairly valued, with a PE ratio of 46.20, an EV to EBITDA ratio of 24.64, and a PEG ratio of 3.97. When compared to peers, Whirlpool India has a higher PE ratio of 49.51 and an EV to EBITDA of 27.30, while Eureka Forbes stands out with a significantly higher PEG ratio of 1.46, suggesting it is considered very attractive in the market.
Despite its fair valuation, Symphony's recent stock performance has been underwhelming, with a year-to-date return of -16.78%, contrasting sharply with the Sensex's gain of 7.11% over the same period. This divergence may indicate that Symphony's current market price of 1118.75 could be viewed as a cautious investment, especially when considering its relatively high valuation ratios compared to peers.