Is Manappuram Fin. overvalued or undervalued?

As of 9 October 2025, the valuation grade for Manappuram Finance has moved from very expensive to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE Ratio of 31.10, an EV to EBIT of 12.56, and a Price to Book Value of 2.00.
When compared to peers, Bajaj Finance is classified as very expensive with a PE Ratio of 36.57, while Life Insurance is very attractive with a PE Ratio of 11.62. This places Manappuram Finance in a relatively high valuation position within its sector. Additionally, the company's stock has significantly outperformed the Sensex over the past year, with a return of 53.78% compared to the Sensex's 0.87%, further reinforcing the notion of its current overvaluation.