Is Marinetrans Indi overvalued or undervalued?

As of 9 September 2025, Marinetrans Indi has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. The PE ratio stands at 20.68, while the EV to EBITDA ratio is 13.56, and the Price to Book Value is 0.81. These ratios suggest a moderate valuation relative to its earnings and asset base.
In comparison to its peers, Marinetrans Indi's PE ratio is significantly lower than that of Altius Telecom, which has a PE of 55.09, indicating that Marinetrans may offer better value in terms of earnings. However, it is also important to note that other peers like Embassy Off.REIT and Inventurus Knowledge are considered very expensive with PE ratios of 23.11 and 55.57, respectively. The recent stock performance shows Marinetrans Indi has underperformed the Sensex year-to-date, with a return of -32.29% compared to the Sensex's 5.18%, reinforcing the notion that the stock may not be capturing its fair value in the current market.