Is Kore Digital overvalued or undervalued?

As of 17 July 2025, the valuation grade for Kore Digital has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company is currently deemed undervalued, with a PE ratio of 11.01, an EV to EBITDA of 7.45, and a ROCE of 38.30%. In comparison to its peers, Indus Towers has a similar PE ratio of 11.01 but is categorized as expensive, while Affle 3i is considered very expensive with a PE ratio of 71.57, highlighting Kore Digital's relative value proposition.
Despite its recent stock performance lagging behind the Sensex, with a year-to-date return of -50.3% compared to the Sensex's 6.20%, the underlying financial metrics suggest that Kore Digital is well-positioned within the telecom equipment and accessories industry. The company's strong ROE of 29.77% further supports the argument for its undervaluation, making it an attractive investment opportunity in the current market landscape.