Is Bikewo Green overvalued or undervalued?

As of 2 July 2025, the valuation grade for Bikewo Green has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. Notable ratios include a PE ratio of 27.59, an EV to EBITDA of 23.67, and a ROCE of 4.67%.
When compared to peers, Bajaj Auto has a higher PE ratio of 31.85 and Eicher Motors stands at 33.12, both indicating a premium valuation in the sector. In contrast, Hero MotoCorp is more attractively valued with a PE of 19.37. Additionally, Bikewo Green's stock has underperformed recently, showing a year-to-date return of -26.31% compared to a 7.65% gain in the Sensex, reinforcing the perception of overvaluation.