Is Maha Rashtra Apx overvalued or undervalued?

As of 14 August 2025, the valuation grade for Maha Rashtra Apx has moved from very attractive to very expensive. This indicates that the company is currently overvalued. Key ratios reflect this assessment, with a PE ratio of 7.21, an EV to EBITDA of -111.89, and a Price to Book Value of 0.34. These figures suggest that the company is not generating sufficient earnings relative to its valuation, particularly highlighted by the negative EV to EBITDA ratio.
In comparison to its peers, Maha Rashtra Apx's valuation stands out unfavorably. For instance, Life Insurance, which is rated very attractive, has a PE ratio of 11.53, while Bajaj Finance, also very expensive, has a significantly higher PE ratio of 30.73. The stark contrast in these ratios reinforces the notion that Maha Rashtra Apx is overvalued. Additionally, the company's recent stock performance has been poor, with a year-to-date return of -24.78%, contrasting sharply with the Sensex's positive return of 3.15% during the same period.