Is Elnet Technolog overvalued or undervalued?

As of 19 November 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, with a PE ratio of 7.23, a Price to Book Value of 0.83, and an EV to EBITDA ratio of 4.00. These metrics suggest that Elnet is priced competitively relative to its earnings and book value.
In comparison to its peers, Elnet Technolog's PE ratio is significantly lower than that of TCS at 22.64 and Infosys at 22.77, both of which are considered attractive. Additionally, Elnet's PEG ratio of 0.70 indicates potential for growth relative to its valuation, making it an appealing option in the software and consulting sector. Despite recent underperformance compared to the Sensex, with a year-to-date return of -16.02% versus the Sensex's 9.02%, the long-term performance of 116.39% over three years suggests a strong recovery potential.