Is Flomic Global overvalued or undervalued?

As of 27 June 2025, Flomic Global's valuation grade has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently overvalued, as evidenced by its high PE ratio of 34.44, a Price to Book Value of 2.89, and an EV to EBITDA ratio of 5.39. These figures suggest that the stock is priced well above its intrinsic value compared to its earnings and assets.
In comparison to its peers, Flomic Global's PE ratio is substantially higher than Life Insurance, which stands at 12.53, and I R F C, with a PE of 28.13, both of which are categorized as fair. Additionally, Bajaj Finance, also marked as very expensive, has a PE of 35.35, indicating that Flomic Global is on par with the higher end of the valuation spectrum but still appears overvalued relative to its peers. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -3.73% compared to the Sensex's 7.58%, reinforcing the notion of overvaluation.