Is Goblin India overvalued or undervalued?

As of 30 October 2025, Goblin India has moved from an attractive to a fair valuation grade. The company is currently fairly valued based on its financial ratios, which include a PE ratio of 10.24, an EV to EBITDA of 8.81, and a Price to Book Value of 0.46. These figures suggest that while the company is not undervalued, it also does not appear to be overvalued given its current market position.
In comparison to its peers, Goblin India stands out with a significantly lower PE ratio than Altius Telecom, which has a PE of 56.22, and Embassy Office REIT, which is at 25.32. This indicates that Goblin India may be more attractively priced relative to its earnings potential compared to these higher-valued competitors. However, the company's recent stock performance has been poor, with a year-to-date return of -54.32%, contrasting sharply with the Sensex's positive return of 8.02% during the same period.