Is FlySBS Aviation overvalued or undervalued?

As of 19 September 2025, FlySBS Aviation's valuation grade has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently deemed undervalued based on its financial metrics. Key ratios include a PE ratio of 33.99, an EV to EBITDA of 23.38, and a ROCE of 33.43%. In comparison to its peers, FlySBS Aviation's valuation appears favorable against I R C T C, which has a PE ratio of 45.18, and TBO Tek, with a PE ratio of 85.56. This suggests that FlySBS is trading at a lower valuation relative to these competitors, reinforcing its attractiveness. Additionally, the company's recent stock performance has outpaced the Sensex, with a 1-week return of 2.33% compared to the Sensex's 0.85%, further supporting the argument for its undervaluation.