Is Flomic Global overvalued or undervalued?

As of 1 September 2025, Flomic Global's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued, primarily reflected in its high PE ratio of 85.82, a price-to-book value of 2.49, and an EV to EBIT of 18.58.
In comparison to its peers, Flomic Global's valuation metrics stand out, particularly when juxtaposed with Bajaj Finance, which has a PE ratio of 31.81, and Life Insurance, which boasts a much lower PE of 11.16. The stark contrast in these ratios suggests that Flomic Global is significantly overvalued relative to its industry peers. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -18.80% compared to the Sensex's positive return of 2.85%, further reinforcing the notion of overvaluation.