Is Imagica. Enter. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Imagica. Enter. has moved from expensive to very expensive, indicating a significant deterioration in its valuation outlook. The company is currently considered overvalued. Key ratios reveal a PE ratio of 122.48, an EV to EBITDA of 22.85, and a ROCE of only 0.28%, which are all indicative of a high valuation relative to its earnings and capital efficiency.
In comparison to its peers, Wonderla Holiday has a PE of 43.28 and Nicco Parks has a PE of 18.32, both of which highlight the excessive valuation of Imagica. Enter. given its much higher PE ratio. Additionally, the company's recent stock performance has been poor, with a year-to-date return of -27.56%, contrasting sharply with the Sensex's positive return of 6.50% during the same period, further reinforcing the notion that the stock is overvalued.