Is Blue Pebble overvalued or undervalued?

As of 26 August 2025, Blue Pebble's valuation grade has moved from very attractive to fair, indicating a shift in market perception. The company is currently fairly valued, with a PE ratio of 14.12, an EV to EBITDA of 11.04, and a ROE of 73.52%. In comparison to its peers, Altius Telecom, which is rated very attractive, has a significantly higher PE ratio of 56.96, while Embassy Office REIT is considered very expensive with a PE of 22.52.
Despite the fair valuation, Blue Pebble has experienced a substantial decline in stock performance, with a year-to-date return of -47.89%, contrasting sharply with the Sensex's positive return of 4.51% during the same period. This disparity may suggest that the market has overreacted to recent challenges, potentially presenting a buying opportunity for investors looking for value in the current landscape.