Is Dev Information overvalued or undervalued?

As of 30 May 2025, the valuation grade for Dev Information Technology Ltd. has moved from very attractive to attractive. The company appears to be fairly valued based on its current metrics. Key ratios include a PE ratio of 15.84, an EV to EBITDA of 24.35, and a PEG ratio of 0.28, which indicates strong growth potential relative to its price.
In comparison to its peers, Dev Information has a similar PE ratio to the industry average, while its EV to EBITDA is slightly higher than the peer average of 24.35. Notably, the company’s ROE stands at 27.11%, showcasing effective management of equity. Despite recent underperformance with a year-to-date return of -35.1% compared to the Sensex's 5.58%, the valuation metrics suggest that the stock is currently fairly valued in the market.