Is MIRC Electronics overvalued or undervalued?

As of 16 July 2025, MIRC Electronics has moved from an expensive to a very expensive valuation grade. The company is currently overvalued, as indicated by its PE ratio of -201.31, EV to EBITDA of 69.46, and a Price to Book Value of 3.55. These ratios suggest significant concerns regarding profitability and valuation relative to its peers.
In comparison with its industry peers, MIRC Electronics stands out unfavorably; for instance, Metro Brands has a PE ratio of 90.97 and an EV to EBITDA of 42.90, while V-Guard Industries is rated fair with a PE of 54.81 and an EV to EBITDA of 33.62. Notably, MIRC's negative ROCE of -15.52% and ROE of -1.76% further highlight its underperformance. Despite recent stock returns outperforming the Sensex over one week and one month, the longer-term performance shows a decline, reinforcing the notion of overvaluation.