Is TBI Corn overvalued or undervalued?

As of 22 August 2025, the valuation grade for TBI Corn has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 12.10, an EV to EBITDA of 8.86, and a ROE of 31.83%.
In comparison with peers, TBI Corn's PE ratio is significantly lower than Hindustan Unilever's 58.08 and Nestle India's 74.36, both categorized as very expensive. Despite the high ROCE of 24.45%, the stock has underperformed compared to the Sensex, particularly over the past year, where it has declined by 68.16% against a marginal gain of 0.24% for the index. This stark contrast reinforces the notion that TBI Corn is overvalued in its current market context.