Is TCPL Packaging overvalued or undervalued?

As of 2 June 2025, TCPL Packaging's valuation grade 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 24.04, an EV to EBITDA of 13.98, and a ROE of 22.21%.
In comparison to its peers, Garware Hi Tech is rated very expensive with a PE of 31.43, while AGI Greenpac is rated very attractive with a PE of 17.02. This suggests that TCPL Packaging's valuation is relatively high compared to peers with better ratings and lower PE ratios. Notably, TCPL Packaging has outperformed the Sensex significantly over the past year, with a return of 82.13% compared to the Sensex's 7.65%, reinforcing the notion of its current overvaluation.