Is Angel One overvalued or undervalued?

As of 17 October 2025, the valuation grade for Angel One has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued, especially when compared to its peers. Key ratios include a PE ratio of 28.91, a Price to Book Value of 0.39, and an EV to EBITDA of -54.01, which suggest that the stock is trading at a lower valuation relative to its earnings potential.
In the context of peer comparison, Angel One's PE ratio of 28.91 is significantly lower than Bajaj Finance's 38.21 and Bajaj Finserv's 34.94, both of which are classified as expensive. Additionally, Life Insurance, which is very attractive, has a much lower PE ratio of 11.49, reinforcing the notion that Angel One is undervalued in its sector. Recent stock performance shows that Angel One has outperformed the Sensex over the past week and month, with returns of 8.25% and 10.85%, respectively, contrasting with the Sensex's 1.76% and 1.52%.