Is Laxmi Dental overvalued or undervalued?

As of 14 August 2025, Laxmi Dental's valuation grade has moved from very expensive to expensive, indicating a slight adjustment in its perceived value. The company is currently considered overvalued, with a PE ratio of 71.22, an EV to EBITDA of 43.33, and an EV to Sales ratio of 7.59. These ratios significantly exceed those of its peers, such as Poly Medicure with a PE of 53.86 and Blue Jet Health with a PE of 38.33, both categorized as very expensive.
In comparison to the broader market, Laxmi Dental has underperformed, with a 1-month stock return of -22.33% against a Sensex return of -2.01%. The high valuation ratios, coupled with the recent stock performance, reinforce the conclusion that Laxmi Dental is overvalued in the current market context.