Is KPIT Technologi. overvalued or undervalued?

As of 12 November 2025, the valuation grade for KPIT Technologies has moved from fair to expensive, indicating that the company is currently overvalued. The key ratios reflect this assessment, with a PE ratio of 44.12, a Price to Book Value of 10.45, and an EV to EBITDA of 26.67, all of which are significantly higher than industry averages.
In comparison to its peers, KPIT's PE ratio is notably higher than TCS, which has a PE of 22.53, and Infosys at 22.92, both of which are considered more attractively valued. Additionally, KPIT's PEG ratio of 7.12 further emphasizes its overvaluation compared to Wipro's much lower PEG of 1.29. While KPIT has shown strong returns over the long term, its recent performance has lagged behind the Sensex, particularly with a year-to-date return of -15.24% compared to the Sensex's 8.10%.