Is HCL Technologies overvalued or undervalued?

As of 7 November 2025, HCL Technologies has moved from a fair to an attractive valuation grade. The company is currently considered undervalued. Key ratios include a PE ratio of 24.18, an EV to EBITDA of 5.93, and a Price to Book Value of 0.58, which suggest that the stock is trading at a reasonable price relative to its earnings and assets. In comparison to peers, TCS has a PE ratio of 21.53 and an EV to EBITDA of 8.37, while Infosys shows a PE ratio of 21.82 and an EV to EBITDA of 5.02. These comparisons indicate that HCL Technologies is positioned favorably within its industry, especially considering its attractive valuation status. Despite a recent decline in stock price relative to the Sensex, the long-term performance shows a significant return of 241.70% over the past decade, reinforcing the potential for future growth.