Is Yash Highvoltage overvalued or undervalued?

As of 21 May 2025, the valuation grade for Yash Highvoltage has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 44.65, an EV to EBITDA of 30.13, and an ROE of 47.30%.
In comparison to its peers, Yash Highvoltage's PE ratio is lower than ABB India Ltd.'s 67.88 but higher than Apar Industries Ltd.'s 39.79, showcasing a mixed competitive landscape. The EV to EBITDA ratio of 30.13 also positions it above Apar Industries, which stands at 20.88, further supporting the overvaluation thesis. Notably, Yash Highvoltage has outperformed the Sensex significantly over the past month with a return of 100.8% compared to the Sensex's 3.80%, but this does not mitigate its current overvaluation status.