Is GTPL Hathway overvalued or undervalued?

As of 15 October 2025, GTPL Hathway's valuation grade has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently considered undervalued, with a PE ratio of 29.51, an EV to EBITDA ratio of 3.30, and a Price to Book Value of 1.03. In comparison to its peers, Sun TV Network has a PE ratio of 12.83 and an EV to EBITDA of 7.72, while Zee Entertainment, also rated attractive, has a PE of 13.82 and an EV to EBITDA of 7.18, highlighting GTPL Hathway's relatively higher valuation metrics.
Despite its attractive valuation, GTPL Hathway has underperformed against the Sensex, with a year-to-date return of -22.02% compared to the Sensex's 5.72%. This underperformance, along with its low ROCE of 4.68% and ROE of 4.12%, suggests that while the stock may be undervalued, there are underlying concerns that investors should consider.