Is Mercantile Vent. overvalued or undervalued?

As of 19 November 2025, the valuation grade for Mercantile Vent. has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently assessed as undervalued, with a PE ratio of 25.00, a price to book value of 0.89, and an EV to EBITDA ratio of 279.03. These ratios suggest that the stock may be trading at a discount compared to its intrinsic value.
In comparison to its peers, Mercantile Vent. stands out with a PE ratio that is lower than Bajaj Finance's 34.23 and Bajaj Finserv's 33.86, both classified as expensive. Additionally, its PEG ratio of 1.35 is more favorable than that of Bajaj Finance, which has a PEG of 1.86. Despite recent underperformance against the Sensex over the past week and month, the company's year-to-date return of 11.43% outpaces the Sensex's 9.02%, reinforcing the attractiveness of its current valuation.