Is Indiqube Spaces overvalued or undervalued?

Sep 02 2025 08:04 AM IST
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As of September 1, 2025, Indiqube Spaces is rated as risky and appears overvalued, with concerning key ratios such as a PE ratio of -33.24 and a Price to Book Value of -181.07, especially when compared to healthier peers like Altius Telecom and Embassy Office REIT.
As of 1 September 2025, the valuation grade for Indiqube Spaces has moved from does not qualify to risky. Based on the analysis, the company appears to be overvalued. Key ratios indicate significant concerns: the PE ratio stands at -33.24, the Price to Book Value is at an alarming -181.07, and the EV to EBIT ratio is 38.48.

In comparison to its peers, Indiqube Spaces shows a stark contrast; for instance, Altius Telecom, which is rated very attractive, has a PE ratio of 54.39 and an EV to EBITDA of 10.44. Other peers like Embassy Office REIT and Mindspace Business also exhibit much healthier valuations with PE ratios of 22.85 and 51.91, respectively. Given these comparisons, Indiqube Spaces' current valuation does not align with industry standards, further reinforcing the conclusion of being overvalued.
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