Is FlySBS Aviation overvalued or undervalued?

As of 22 September 2025, FlySBS Aviation's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 34.41, an EV to EBITDA of 23.69, and a ROCE of 33.43%.
In comparison to its peers, FlySBS Aviation's PE ratio is lower than that of I R C T C, which stands at 44.66, and TBO Tek, which has a PE of 82.62, both categorized as very expensive. Conversely, Thomas Cook (I) is considered attractive with a PE ratio of 31.03, suggesting that FlySBS is positioned competitively within its industry. Notably, FlySBS has outperformed the Sensex over the past week with a return of 4.28%, compared to the Sensex's 0.53%, reinforcing its relatively stable valuation amidst market fluctuations.