Is TBI Corn overvalued or undervalued?

As of 23 September 2025, the valuation grade for TBI Corn has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued based on its financial ratios, with a PE ratio of 13.12, an EV to EBITDA ratio of 10.25, and a ROE of 13.44%. These figures suggest that TBI Corn's valuation does not align favorably with its earnings and asset performance.
When compared to peers, TBI Corn's PE ratio is significantly lower than that of Hindustan Unilever, which stands at 55.64, and Nestle India, with a PE of 74.77, both categorized as very expensive. This disparity highlights that while TBI Corn may appear overvalued, it is still relatively more attractive than some of its competitors in the FMCG sector. Additionally, TBI Corn's recent stock performance has underperformed the Sensex, with a year-to-date return of -47.97% compared to the Sensex's 6.45%, reinforcing the notion that the stock is currently overvalued.