Is Mahindra Logis. overvalued or undervalued?

As of 22 August 2025, Mahindra Logistics has moved from an attractive to a fair valuation grade. The company appears to be overvalued based on its current financial metrics. Key ratios include a PE ratio of -86.95, an EV to EBITDA of 13.67, and a Price to Book Value of 7.41.
In comparison to peers, Container Corporation, deemed very expensive, has a PE ratio of 31.51, while Transport Corporation, rated fair, shows a PE of 21.1. The significant disparity in these ratios suggests that Mahindra Logistics is not only underperforming relative to its peers but also indicates a potential overvaluation. Furthermore, the company's stock has underperformed against the Sensex over various periods, particularly with a year-to-date return of -13.71% compared to the Sensex's 4.05%.