Is GCM Commodity overvalued or undervalued?

As of 23 October 2025, GCM Commodity's valuation grade has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently considered undervalued based on its financial ratios, which include a PE ratio of -0.81, an EV to EBIT of 0.27, and a Price to Book Value of 0.61. These figures suggest that the market may not be fully pricing in the company's potential, despite its negative return on equity of -75.11%.
In comparison with peers, GCM Commodity's valuation metrics stand out, particularly against Bajaj Finance, which has a PE ratio of 39.07, and Life Insurance, with a PE ratio of 11.68. The stark contrast in these ratios highlights GCM's relative undervaluation within the Non-Banking Financial Company sector. Additionally, while GCM has underperformed the Sensex year-to-date with a return of -23.44% compared to the Sensex's 8.21%, its recent weekly performance of 9.59% suggests a potential turnaround that could further support its valuation narrative.