Is Ashiana Housing overvalued or undervalued?

As of 14 November 2025, the valuation grade for Ashiana Housing has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 39.57, an EV to EBITDA ratio of 34.43, and a PEG ratio of 0.30, which suggests that despite high earnings multiples, the growth potential is not being fully reflected in the valuation.
In comparison to its peers, Ashiana Housing's PE ratio is lower than DLF's 42.94 and slightly higher than Lodha Developers' 36.26, both of which are categorized as very expensive. Additionally, Ashiana's EV to EBITDA ratio is significantly higher than that of Lodha Developers, which stands at 27.13. Notably, while Ashiana has shown strong returns over the long term, its year-to-date performance is down 14.89% compared to a positive 8.22% return for the Sensex, reinforcing the notion that it may be overvalued in the current market context.