Is Elcid Investment overvalued or undervalued?

As of 3 July 2025, Elcid Investment's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 18.28, an EV to EBIT of 13.71, and a Price to Book Value of 0.31. In comparison to its peers, Life Insurance has a PE ratio of 12.38 and an EV to EBITDA of 9.74, while Bajaj Finance is considered very expensive with a PE ratio of 34.02 and an EV to EBITDA of 19.17.
Despite the recent fluctuations, Elcid Investment has shown strong returns over the past year, significantly outperforming the Sensex with a staggering return of over 3,960,601.13%. However, its year-to-date performance has been less favorable, with a decline of 23.38% compared to the Sensex's gain of 6.53%. Overall, while the company's valuation appears fair at this moment, the substantial returns over the longer term may warrant closer scrutiny for potential undervaluation in the future.