Is The Ramco Cement overvalued or undervalued?

As of 7 November 2025, The Ramco Cement's valuation grade has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 131.46, an EV to EBITDA of 27.46, and a Price to Book Value of 0.32. In comparison to its peers, UltraTech Cement is considered very expensive with a PE of 47.58, while Grasim Industries is very attractive with a PE of 42.45.
Despite the fair valuation, The Ramco Cement has shown a strong performance over the past year with a stock return of 17.80%, significantly outperforming the Sensex's return of 4.62% in the same period. This suggests that while the company is fairly valued, its recent performance may indicate potential for future growth.