Is Atishay overvalued or undervalued?

As of 7 November 2025, Atishay's valuation grade has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued based on its financial ratios, with a PE ratio of 25.28, an EV to EBITDA of 16.78, and a Price to Book Value of 0.39. These figures suggest that Atishay is trading at a lower valuation compared to its peers, such as TCS with a PE of 21.53 and EV to EBITDA of 8.37, and Infosys with a PE of 21.82 and EV to EBITDA of 5.02.
In comparison to its industry, Atishay's PEG ratio of 1.76 further supports the undervaluation narrative, especially when contrasted with HCL Technologies, which has a PEG of 24.18. Although Atishay has experienced a decline in stock price over the past year, its impressive 3-year return of 422.86% significantly outperforms the Sensex's 36.01% return, reinforcing the potential for future growth.