Is Whirlpool India overvalued or undervalued?

As of 19 September 2025, Whirlpool India's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently assessed as overvalued. Key ratios include a PE ratio of 47.93, an EV to EBITDA of 26.44, and a PEG ratio of 2.53, all of which suggest that the stock is priced at a premium relative to its earnings growth potential. In comparison to its peers, Whirlpool India has a higher PE ratio than Eureka Forbes at 66.96 and TTK Prestige at 54.27, both of which are also rated fair. Additionally, Whirlpool's EV to EBITDA ratio is higher than IFB Industries, which is rated attractive at 22.72. The company's recent stock performance has been underwhelming, with a year-to-date return of -26.18%, contrasting sharply with the Sensex's positive return of 5.74% during the same period, further supporting the view of overvaluation.