Is Millen. Online overvalued or undervalued?

As of 10 October 2025, the valuation grade for Millen. Online has moved from risky to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, as evidenced by its negative PE ratio of -9.75 and an EV to EBITDA ratio of -11.16, which suggest that the market is pricing the stock excessively high relative to its earnings potential. Additionally, the Price to Book Value stands at 2.41, further reinforcing the notion of overvaluation.
In comparison to its peers, Millen. Online's valuation metrics are starkly unfavorable. For instance, Bajaj Finance has a PE ratio of 36.56, while Life Insurance boasts a much more attractive PE of 11.65. Furthermore, the company's return metrics are concerning, with a ROCE of -5.32% and a ROE of -5.94%. Recent stock performance has also been poor, with a year-to-date return of -24.71%, contrasting sharply with the Sensex's gain of 5.58% during the same period, underscoring the company's struggles in the current market environment.