Is Mahindra Logis. overvalued or undervalued?

As of 18 September 2025, Mahindra Logistics has moved from an attractive to a fair valuation grade. The company appears to be overvalued given its current financial metrics. Key ratios include a PE ratio of -95.33, an EV to EBITDA of 14.73, and a Price to Book Value of 8.13, which indicate significant concerns regarding profitability and valuation relative to its assets.
In comparison with peers, Mahindra Logistics' valuation stands out unfavorably. For instance, Container Corporation is considered very expensive with a PE ratio of 32.29 and an EV to EBITDA of 20.72, while Transport Corporation is fairly valued with a PE of 21.78 and an EV to EBITDA of 19.46. Additionally, the company's recent stock performance has been lackluster, with a year-to-date return of -5.08%, contrasting sharply with the Sensex's gain of 6.24% over the same period, reinforcing the notion that Mahindra Logistics is currently overvalued.