Is Manipal Fin. Cor overvalued or undervalued?

As of 17 October 2025, the valuation grade for Manipal Financial Corporation has moved from risky to attractive. The company is currently undervalued, with a PE ratio of -32.23, an EV to EBIT of -12.26, and a PEG ratio of 0.00, indicating a potential for growth despite its current negative earnings metrics.
In comparison to its peers, Manipal Financial Corporation's valuation appears favorable against Bajaj Finance, which is very expensive with a PE ratio of 38.21, and Life Insurance, which is very attractive with a PE ratio of 11.49. The recent stock performance shows that while the company has underperformed against the Sensex in the short term, it has significantly outperformed on a year-to-date basis with a return of 39.86% compared to the Sensex's 7.44%. This suggests that the market may be beginning to recognize the company's potential, reinforcing the view that it is currently undervalued.