Is Indiqube Spaces overvalued or undervalued?

As of 12 November 2025, the valuation grade for Indiqube Spaces has moved from does not qualify to fair. The company is currently assessed as fairly valued. Key ratios include a PE ratio of -33.53, an EV to EBITDA of 14.53, and a ROCE of 2.68%.
In comparison with peers, Altius Telecom is rated very attractive with a PE ratio of 56.22, while Sagility is also rated fair with a PE of 30.27. Notably, Indiqube Spaces' negative PE ratio indicates challenges in profitability, but its valuation aligns more closely with its peers than those rated as very expensive. Recent stock performance shows a 4.77% return over the past week, outperforming the Sensex's 1.21% return, which may suggest some positive market sentiment despite the overall valuation concerns.