Is Elnet Technolog overvalued or undervalued?

As of 18 July 2025, Elnet Technolog's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued. Key ratios include a PE Ratio of 7.86, an EV to EBITDA of 1.14, and a Price to Book Value of 0.88, which suggest that the stock is priced reasonably compared to its earnings and book value.
In comparison to its peers, Elnet Technolog's PE Ratio is significantly lower than TCS, which stands at 23.42, and Infosys at 24.67, both of which are considered attractive. This highlights Elnet's relative undervaluation within its sector. Additionally, while Elnet has experienced a decline of 16.06% year-to-date, it has outperformed the Sensex over a longer horizon, with a 3-year return of 134.69% compared to the Sensex's 49.96%.