Is Amarnath Sec. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Amarnath Sec. has moved from very attractive to fair. Based on the analysis, the company appears to be overvalued at its current price of 13.69. Key ratios include a PE Ratio of 21.62, an EV to EBIT of 4.80, and a ROE of 4.24%.
In comparison to peers, Bajaj Finance is considered very expensive with a PE of 38.09, while Life Insurance is very attractive with a PE of 11.44. The valuation metrics suggest that Amarnath Sec. does not offer sufficient value relative to its peers, particularly given its recent stock performance, which has significantly underperformed the Sensex over various time frames, including a year-to-date decline of 37.89% compared to the Sensex's gain of 6.50%.