Is Fino Payments overvalued or undervalued?

As of 6 November 2025, Fino Payments has moved from a fair to an attractive valuation grade. The company appears to be undervalued based on its current metrics. Key ratios include a PE ratio of 28.18, an EV to Sales ratio of 9.69, and a ROE of 10.65%.
In comparison to peers, Fino Payments' PE ratio is significantly lower than Bajaj Finance's 37.19 and Bajaj Finserv's 34.67, indicating a more favorable valuation relative to these competitors. Additionally, while Fino Payments has a PEG ratio of 0.00, suggesting potential for growth at a low price, its EV to EBITDA ratio of -1.46 raises concerns about profitability. Despite recent stock performance lagging behind the Sensex, particularly with a YTD return of -14.43% compared to the Sensex's 6.62%, the overall valuation suggests that Fino Payments presents a buying opportunity at its current price of 271.60.