Is Hathway Cable overvalued or undervalued?

As of 4 November 2025, Hathway Cable's valuation grade has moved from expensive to fair. The company appears to be fairly valued at this time, with a PE ratio of 24.56, a price to book value of 0.05, and a notably negative EV to EBIT of -3094.94. These ratios suggest that while the stock may not be a bargain, it is not excessively priced either.
In comparison to its peers, Hathway Cable's PE ratio stands out against Den Networks, which has a PE of 8.29, and Dish TV India, which is loss-making with a PE of 1.5. The negative EV to EBITDA ratio of Hathway Cable contrasts sharply with the industry, indicating potential concerns about profitability. Despite recent underperformance relative to the Sensex, with a YTD return of -13.29% compared to the Sensex's 6.81%, the current valuation suggests that the stock is positioned fairly within its market context.