Is Goblin India overvalued or undervalued?

As of 6 November 2025, Goblin India has moved from an attractive to a fair valuation grade. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 10.39, an EV to EBITDA of 8.89, and a Price to Book Value of 0.47, which suggest that while the company is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its industry peers, Goblin India's valuation metrics are notably lower; for instance, Altius Telecom has a PE ratio of 56.22, indicating a much higher valuation. Sagility, which is also rated fair, has a PE of 29.72, further emphasizing Goblin's relative position in the market. Despite recent stock performance showing a 1-week return of 1.67% compared to a -1.30% return for the Sensex, the longer-term outlook remains concerning, with Goblin India underperforming over 1-year and 5-year periods.