Is FlySBS Aviation overvalued or undervalued?

As of 13 October 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. Key ratios include a PE Ratio of 35.51, an EV to EBITDA of 24.47, 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 at 43.60 and TBO Tek at 77.94, both of which are considered very expensive. Meanwhile, Thomas Cook (I) presents a more attractive PE Ratio of 29.47. Notably, FlySBS has outperformed the Sensex in the past week with a return of 8.52% compared to the Sensex's 0.60%, reinforcing its current valuation stance.