Is Dev Information overvalued or undervalued?

As of 14 November 2025, the valuation grade for Dev Information has moved from attractive to very attractive. This indicates a positive shift in its perceived value, suggesting that the company is currently undervalued. The key ratios include a PE ratio of 34.56, an EV to EBITDA of 20.40, and a Price to Book Value of 1.80, which reflect a strong valuation profile relative to its peers.
In comparison to notable competitors, TCS has a PE ratio of 22.34 and an EV to EBITDA of 15.7, while Infosys shows a PE of 22.19 and an EV to EBITDA of 14.54. These figures suggest that Dev Information, despite its higher PE ratio, may still offer better growth prospects given its PEG ratio of 0.00, indicating no growth premium is being paid. Additionally, while the stock has underperformed against the Sensex over the past year, its recent returns over the past week and month have outpaced the index, reinforcing the notion that it may be undervalued at its current price of 41.26.