Is Indiqube Spaces overvalued or undervalued?

As of 14 November 2025, the valuation grade for Indiqube Spaces has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued. Key ratios highlight this assessment, with a PE ratio of -32.96, a Price to Book Value of 8.36, and an EV to EBITDA of 14.40, which are significantly higher than industry norms.
In comparison to its peers, Indiqube Spaces stands out unfavorably; for instance, Altius Telecom, rated as very attractive, has a PE ratio of 51.5 and an EV to EBITDA of 9.62. Other competitors like Embassy Office REIT and Mindspace Business have even higher valuations, with PE ratios of 130.21 and 53.94, respectively. Despite a recent one-week stock return of 7.66% compared to the Sensex's 1.62%, the overall valuation metrics suggest that Indiqube Spaces is not aligned with its peers and is thus overvalued in the current market.