Is T R I L overvalued or undervalued?

As of 14 November 2025, the valuation grade for T R I L has moved from expensive to very expensive. This indicates a significant increase in perceived valuation, suggesting that the company is currently overvalued. The key ratios reflect this sentiment, with a PE ratio of 38.58, an EV to EBITDA of 26.49, and a Price to Book Value of 7.63, all of which are substantially higher than industry norms.
In comparison to peers, T R I L's valuation appears excessive, particularly when contrasted with Larsen & Toubro, which has a PE ratio of 34.27 and an EV to EBITDA of 18.08, indicating a more attractive valuation. Other peers such as CG Power & Ind and Siemens also exhibit higher valuations, with PE ratios of 109.59 and 57.8, respectively, but T R I L's ratios remain on the higher end of the spectrum. The company's recent stock performance has been notably poor, with a year-to-date return of -44.12%, significantly underperforming the Sensex's 8.22% return, further reinforcing the view that T R I L is overvalued in the current market environment.