Is Whirlpool India overvalued or undervalued?

As of 17 October 2025, Whirlpool India's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company appears to be overvalued at its current price of 1385.00, especially when considering its high PE ratio of 49.40 and an EV to EBITDA of 27.38. Additionally, the PEG ratio stands at 2.61, suggesting that the stock may not be justified at this valuation level given its growth prospects.
In comparison to its peers, Whirlpool's PE ratio is lower than that of Eureka Forbes, which has a PE of 61.50, but higher than TTK Prestige at 52.75. The EV to EBITDA ratio also reflects a similar trend, with Whirlpool at 27.38 compared to LG Electronics at 35.19. Furthermore, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -23.82% compared to the Sensex's 7.44%, reinforcing the notion that Whirlpool India may be overvalued in the current market environment.