Is Manappuram Fin. overvalued or undervalued?

As of 10 October 2025, the valuation grade for Manappuram Finance has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued. Key ratios include a PE ratio of 30.16, an EV to EBITDA of 11.68, and a Price to Book Value of 1.94, which are all elevated compared to industry norms.
In comparison to peers, Bajaj Finance has a PE ratio of 36.56, while Life Insurance shows a more attractive PE of 11.65, highlighting the relative overvaluation of Manappuram Finance. Additionally, the company's recent stock performance has outpaced the Sensex over the year, with a return of 50.95% compared to the Sensex's 1.09%, though this does not mitigate the current overvaluation.