Is Hathway Cable overvalued or undervalued?

As of 17 October 2025, Hathway Cable's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 24.38, a Price to Book Value of 0.05, and an EV to EBITDA of -60.63, which highlight significant discrepancies in its valuation compared to peers.
In comparison to its industry peers, Hathway Cable's PE Ratio stands in stark contrast to Den Networks at 8.33 and Dish TV India, which is loss-making with an EV to EBITDA of 1.51. This suggests that while Hathway is fairly valued, its peers are facing greater challenges, which may indicate a potential for improvement in Hathway's market performance. Notably, the company's stock has underperformed relative to the Sensex, with a year-to-date decline of 13.92% compared to the Sensex's gain of 7.44%, reinforcing the notion that the stock may be undervalued in the current market context.