Is Whirlpool India overvalued or undervalued?

As of 14 November 2025, Whirlpool India's valuation grade has moved from attractive to fair, indicating a shift in its market perception. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 46.79, an EV to EBITDA of 25.44, and a ROCE of 20.26%.
In comparison with peers, Whirlpool India's PE ratio is lower than LG Electronics at 49.87 and higher than Hawkins Cookers at 39.05, suggesting a competitive but not leading position in the market. Additionally, the PEG ratio of 6.33 indicates that the stock may be overvalued relative to its growth prospects when compared to peers like Eureka Forbes, which has a more attractive valuation at a PE of 61.32. Recent performance shows that Whirlpool India has underperformed against the Sensex, with a year-to-date return of -31.46% compared to the Sensex's 8.22%, reinforcing the notion that the stock may not be a compelling investment at its current valuation.