Is Flomic Global overvalued or undervalued?

As of 19 September 2025, the valuation grade for Flomic Global has moved from very expensive to expensive. The company is currently considered overvalued based on its high PE ratio of 87.97, a price to book value of 2.38, and an EV to EBITDA of 3.33. In comparison to its peers, Bajaj Finance has a PE ratio of 35.51 and Bajaj Finserv stands at 34.69, both indicating a more reasonable valuation relative to Flomic Global.
Despite a recent stock return of 2.64% over the past week, which outperformed the Sensex's 0.88%, the longer-term performance shows a decline of 15.13% year-to-date, contrasting sharply with the Sensex's 5.74% gain. This suggests that while there may be short-term fluctuations, the overall valuation remains elevated compared to its industry peers, reinforcing the conclusion that Flomic Global is overvalued.