Is White Organic overvalued or undervalued?

As of 25 April 2023, the valuation grade for White Organic has moved from does not qualify to risky. The company is currently assessed as overvalued. Key ratios include a PE ratio of 10.84, a Price to Book Value of 0.33, and a ROE of 3.02%. In comparison, peers such as MMTC have a significantly higher PE ratio of 119.39, while PTC India, which is rated very attractive, has a much lower PE of 9.02.
Despite a recent uptick in stock price, White Organic has underperformed against the Sensex, with a year-to-date return of -22.95% compared to the Sensex's 5.64%. This trend, along with its negative EV to EBIT and EV to EBITDA ratios of -8.45, further supports the conclusion that the company is overvalued in its current market position.