Is MIRC Electronics overvalued or undervalued?

As of 2 June 2025, MIRC Electronics' valuation grade has moved from very expensive to expensive, indicating a slight improvement in perceived value but still suggesting overvaluation. The company is currently considered overvalued, with a PE Ratio of -146.10, an EV to EBITDA of 53.86, and a Price to Book Value of 2.57. These ratios highlight significant concerns regarding profitability and valuation metrics.
In comparison to its peers, MIRC Electronics stands out unfavorably; for instance, Metro Brands is rated very expensive with a PE of 95.29, while V-Guard Industries, rated fair, has a PE of 52.15. The stark contrast in these ratios underscores MIRC's relative overvaluation. Additionally, the company's recent stock performance has been poor, with a year-to-date return of -40.42%, significantly lagging behind the Sensex's 5.64% return, further reinforcing the notion that MIRC Electronics is not currently a sound investment.