Is TBI Corn overvalued or undervalued?

As of 19 September 2025, TBI Corn's valuation grade has moved from expensive to fair, indicating a reassessment of its market position. The company is currently fairly valued, with a PE ratio of 13.19, an EV to EBITDA of 10.29, and a ROE of 13.44%. In comparison to its peers, TBI Corn stands out as more attractively priced against companies like Hindustan Unilever, which has a PE ratio of 56.61, and Nestle India, with a PE ratio of 76.85, both categorized as very expensive.
Despite TBI Corn's fair valuation, its recent stock performance has been underwhelming, with a year-to-date return of -47.81%, contrasting sharply with the Sensex's gain of 7.11% during the same period. This divergence suggests that while the valuation metrics are reasonable, market sentiment may still be weighing heavily on the stock.