Is Bharti Airtel overvalued or undervalued?

As of 7 November 2025, the valuation grade for Bharti Airtel has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 36.25, an EV to EBITDA of 13.68, and a PEG ratio of 0.30, indicating a reasonable valuation given its growth prospects. In comparison with peers, Bharti Airtel's PE ratio aligns closely with Vodafone Idea, which has a PE of 17.63 but is considered risky due to being loss-making. Conversely, Bharti Hexacom is categorized as very expensive with a PE of 54.72. Notably, Bharti Airtel has outperformed the Sensex over the past year, returning 27% compared to the Sensex's 4.62%, reinforcing its valuation story.