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, indicating a significant shift in its market perception. The company is currently overvalued, with a PE ratio of 38.58, an EV to EBITDA ratio of 26.49, and a PEG ratio of 0.37, which suggests that the stock price is not justified by its earnings growth potential.
In comparison to peers, Larsen & Toubro has a more attractive PE ratio of 34.27 and an EV to EBITDA of 18.08, while CG Power & Ind is deemed very expensive with a PE of 109.59. The substantial gap in valuation ratios highlights T R I L's overvaluation in the heavy electrical equipment industry. Additionally, T R I L has underperformed the Sensex significantly over various periods, including a year-to-date return of -44.12% compared to the Sensex's 8.22%, reinforcing the notion that the stock may not be a prudent investment at its current price.