Is Goblin India overvalued or undervalued?

As of 3 November 2025, Goblin India has moved from a fair to an attractive valuation grade, indicating a more favorable assessment of its market position. The company appears to be undervalued, with a PE ratio of 10.59, an EV to EBITDA of 9.00, and a Price to Book Value of 0.48, which are significantly lower than many of its peers. For instance, Altius Telecom has a PE ratio of 55.48, showcasing a stark contrast in valuation metrics.
In comparison to its peers, Goblin India's PEG ratio stands at 0.00, while its EV to EBIT is 10.96, suggesting that it is trading at a discount relative to the industry. Notably, the company's return on equity (ROE) is 4.50%, which, while modest, reflects potential for improvement given its current valuation. Despite recent underperformance against the Sensex, with a year-to-date decline of 52.76% compared to the Sensex's gain of 7.47%, the attractive valuation suggests that Goblin India may present a compelling investment opportunity moving forward.