Is Atishay overvalued or undervalued?

As of 4 November 2025, Atishay's valuation grade has moved from fair to attractive, indicating a positive shift in its investment appeal. The company appears to be undervalued given its current metrics, particularly with a PE ratio of 26.26, an EV to EBITDA of 17.53, and a Price to Book Value of 0.41, which suggests that the market may not fully recognize its potential.
In comparison to its peers, Atishay's PE ratio is higher than TCS's 21.51 and Infosys's 21.68, but lower than HCL Technologies's 24.44. The EV to EBITDA ratio is also competitive, being lower than TCS's 8.36, indicating a favorable valuation relative to earnings potential. Despite a recent dip in stock performance year-to-date, Atishay has shown impressive returns over a three-year period at 443.14%, significantly outperforming the Sensex's 36.93%. This suggests that while the stock may have faced short-term challenges, its long-term growth trajectory remains strong, reinforcing the view that it is currently undervalued.