Is Bharti Airtel overvalued or undervalued?

As of 6 August 2025, Bharti Airtel's valuation grade has moved from expensive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 38.14, an EV to EBITDA of 12.80, and a PEG ratio of 0.28, suggesting that it is priced reasonably relative to its growth prospects.
In comparison to its peers, Bharti Hexacom is considered very expensive with a PE ratio of 62.14, while Vodafone Idea, categorized as risky, has a PE ratio of 16.34. This positions Bharti Airtel in a more favorable light within the telecom sector. Notably, the company's strong performance over the past year, with a return of 33.67% compared to the Sensex's 2.48%, reinforces the notion that it is fairly valued in the current market landscape.