Is Mazda overvalued or undervalued?

As of 16 June 2025, Mazda's valuation grade has moved from fair to attractive, indicating a positive shift in its market position. The company appears to be undervalued at this time. Key ratios supporting this assessment include a PE ratio of 19.33, an EV to EBITDA ratio of 13.18, and a ROCE of 23.68%.
In comparison to its peers, Mazda's valuation metrics stand out, particularly when contrasted with Rail Vikas, which is very expensive at a PE ratio of 66.62, and Tube Investments, also very expensive at a PE of 85.41. Despite recent underperformance against the Sensex, with a year-to-date return of -19.44% compared to the Sensex's 4.68%, Mazda's strong fundamentals suggest it may present a compelling investment opportunity.