Is Ganges Securitie overvalued or undervalued?

As of 10 October 2025, the valuation grade for Ganges Securitie has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently deemed overvalued, with a price-to-earnings (PE) ratio of 27.55, an EV to EBITDA ratio of 20.92, and a PEG ratio of 7.38, all of which are substantially higher than industry norms.
In comparison to its peers, Ganges Securitie's PE ratio is lower than Bajaj Finance's 36.56 but significantly higher than Life Insurance's 11.65, which is classified as very attractive. Additionally, while Ganges shows a return on equity (ROE) of 0.85%, it pales in comparison to the more favorable valuations of peers like SBI Life Insurance, which is rated very attractive with a PE of 72.97. The stock has underperformed relative to the Sensex over the past year, further reinforcing the notion of overvaluation.