Is Electronics Mart overvalued or undervalued?

As of 30 May 2025, Electronics Mart's valuation grade has moved from attractive to fair, indicating a shift in perceived value. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 29.67, an EV to EBITDA of 14.86, and a ROE of 10.45%.
In comparison to its peers, Electronics Mart's PE ratio is significantly lower than Dixon Technologies (India) Ltd., which has a PE of 122.81, and Crompton Greaves Consumer Electricals Ltd., which stands at 40.79. This suggests that while Electronics Mart is fairly valued, it may be less attractive compared to some of its peers, particularly those classified as expensive. Additionally, the company's stock has underperformed the Sensex over the past year, with a return of -39.63% compared to the Sensex's 7.55%, reinforcing the notion that the stock may not be a compelling investment at this time.