Is Mahindra Logis. overvalued or undervalued?

As of 17 September 2025, Mahindra Logistics has moved from a fair to an attractive valuation grade, indicating a shift in perception regarding its market value. The company is currently considered undervalued, particularly when examining its key financial ratios. The PE ratio stands at -94.01, which reflects significant losses, while the Price to Book Value is 8.01, and the EV to EBITDA is 14.56, suggesting a premium valuation relative to earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, Mahindra Logistics appears more attractive than Container Corporation, which has a PE ratio of 32.37 and an EV to EBITDA of 20.77, and Delhivery, which is deemed risky with a PE of 181.35 and an EV to EBITDA of 80.87. Despite its current challenges, including a negative ROE of -8.19%, the company's recent stock performance has outpaced the Sensex over the past week and month, with returns of 7.45% and 10.35%, respectively. This suggests a potential recovery trajectory that could enhance its valuation further.