Is KBS India overvalued or undervalued?

As of 10 November 2025, KBS India has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 52.40, an EV to EBIT ratio of 48.29, and a Price to Book Value of 0.06. In comparison to its peers, Bajaj Finance is considered very expensive with a PE ratio of 38.76, while Life Insurance stands out as very attractive with a PE ratio of 11.14, indicating a significant disparity in valuation within the sector.
Despite KBS India's fair valuation, its performance has been notably poor, with a year-to-date return of -79.89%, contrasting sharply with the Sensex's positive return of 6.91% over the same period. This underperformance, coupled with a negative capital employed impacting ROCE, suggests caution for potential investors.