Is The Ramco Cement overvalued or undervalued?

As of 8 August 2025, The Ramco Cement's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 188.07, an EV to EBITDA of 22.63, and a Price to Book Value of 3.38. In comparison to its peers, UltraTech Cement is classified as very expensive with a PE of 51.63, while Grasim Industries is rated attractive with a PE of 45.9.
Despite the recent decline in stock price, The Ramco Cement has shown a year-to-date return of 10.47%, outperforming the Sensex's 2.20% during the same period. This performance, along with its fair valuation status, suggests that the stock may be a reasonable investment opportunity within the current market landscape.