Is Hathway Cable overvalued or undervalued?

As of 17 October 2025, Hathway Cable's valuation grade has moved from expensive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 24.38, a Price to Book Value of 0.05, and an EV to EBITDA ratio of -60.63. These ratios suggest that while the PE ratio aligns with the industry, the negative EV ratios indicate significant challenges in profitability and capital efficiency.
In comparison to peers, Hathway Cable's valuation metrics stand out, particularly when contrasted with Den Networks, which has a PE of 8.33, and Dish TV India, which is loss-making with an EV to EBITDA of 1.51. The stark differences in these ratios highlight the risks associated with the media and entertainment sector, where many competitors are struggling. Additionally, Hathway's stock has underperformed against the Sensex, with a year-to-date decline of 13.92% compared to a 7.44% gain in the index, reinforcing the cautious outlook on its valuation.