Is First Custodian overvalued or undervalued?

As of 3 November 2025, the valuation grade for First Custodian has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 14.76, a Price to Book Value of 0.85, and a ROE of 5.74%.
In comparison to its peers, First Custodian's PE Ratio is significantly lower than that of Bajaj Finance, which is at 37.15, indicating that First Custodian may be undervalued relative to this competitor. On the other hand, Life Insurance, which is considered very attractive, has a PE Ratio of 11.94, suggesting that First Custodian is in a competitive position within the industry. Notably, the company's recent stock performance has been poor, with a year-to-date return of -42.01%, contrasting sharply with the Sensex's return of 7.47% during the same period.