Is Mazda overvalued or undervalued?

As of 13 November 2025, Mazda's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 19.84, an EV to EBITDA of 12.66, and a ROE of 11.08%. In comparison to its peers, Mazda's valuation metrics are significantly lower than those of companies like Rail Vikas, which has a PE ratio of 57.69, and Tube Investments, with a PE of 93.82, both categorized as expensive.
Despite the recent decline in stock performance, with a year-to-date return of -15.29% compared to the Sensex's 8.11%, Mazda's financial ratios suggest it is not overvalued. The PEG ratio stands at 0.00, indicating no growth expectations priced into the stock, which could imply potential upside if growth resumes. Overall, Mazda's current valuation reflects a fair assessment of its market position relative to its peers in the industrial manufacturing sector.