Is UPL overvalued or undervalued?

As of 4 August 2025, UPL's valuation grade has moved from very attractive to attractive, indicating a shift in its perceived value. The company is currently considered fairly valued. Key ratios include a PE ratio of 35.57, an EV to EBITDA of 8.70, and a PEG ratio of 0.18, which suggests growth potential relative to its price.
In comparison to its peers, UPL's valuation appears more favorable than companies like P I Industries, which is deemed very expensive with a PE ratio of 37.84, and Bayer CropScience, which has a significantly higher PE ratio of 49.33. Despite UPL's recent stock performance showing a year-to-date return of 41.81% compared to the Sensex's 3.69%, the overall valuation metrics indicate that UPL is fairly positioned within its industry.