Is Venus Pipes overvalued or undervalued?

As of 23 May 2025, the valuation grade for Venus Pipes has moved from fair to expensive, indicating that the company is currently overvalued. The key ratios reflect this assessment, with a PE ratio of 31.34, a Price to Book Value of 5.48, and an EV to EBITDA of 18.25. Compared to its peers, Venus Pipes stands out with a significantly higher PE ratio than JSW Steel Ltd., which has a PE of 64.98, and Tata Steel Ltd., which is at 51.92, both of which are considered fairly valued or attractive.
In light of these metrics, Venus Pipes appears overvalued in the current market environment. The company's recent stock performance has also been underwhelming, with a one-year return of -32.39%, contrasting sharply with the Sensex's return of 7.56% during the same period. This further reinforces the notion that the stock may not be a favorable investment at its current price of 1449.40.