Is Flomic Global overvalued or undervalued?

As of 19 September 2025, Flomic Global's valuation grade has moved from very expensive to expensive, indicating a slight improvement but still suggesting high valuation concerns. The company is currently considered overvalued, with a PE ratio of 87.97, a Price to Book Value of 2.38, and an EV to EBITDA of 3.33. These ratios highlight significant discrepancies when compared to peers such as Bajaj Finance, which has a PE ratio of 35.51, and Life Insurance, with a much lower PE of 11.64, emphasizing Flomic's premium valuation.
In terms of performance, Flomic Global's stock has underperformed relative to the Sensex over various periods, particularly with a year-to-date return of -15.13% compared to the Sensex's 5.74%. This trend reinforces the notion that the stock may be overvalued, as it struggles to deliver returns in a rising market. Overall, the current valuation metrics and peer comparisons suggest that investors should approach Flomic Global with caution.