Is Just Dial overvalued or undervalued?

As of 14 November 2025, Just Dial's valuation grade has moved from expensive to fair, indicating a shift in its market perception. The company appears to be fairly valued at this point. Key ratios include a PE Ratio of 17.22, an EV to EBITDA of 7.89, and a ROE of 9.02%.
In comparison with peers, TCS has a PE Ratio of 22.34 and an EV to EBITDA of 15.7, while Infosys shows a PE Ratio of 22.19 and an EV to EBITDA of 14.54. These comparisons suggest that Just Dial is positioned more competitively within its sector. Notably, the company's stock has underperformed against the Sensex, with a year-to-date return of -26.30% compared to the Sensex's 8.22%, reinforcing the notion of Just Dial being fairly valued in the current market environment.