Is Elnet Technolog overvalued or undervalued?

As of 18 July 2025, Elnet Technolog's valuation grade has moved from expensive to fair, indicating a shift in market perception. The company is currently fairly valued. Key ratios include a PE Ratio of 7.86, an EV to EBITDA of 1.14, and a Price to Book Value of 0.88, which suggest that the company is trading at reasonable multiples compared to its earnings and assets.
In comparison to its peers, Elnet Technolog's PE Ratio of 7.86 is significantly lower than TCS's 23.42 and Infosys's 24.67, both of which are considered attractive. Additionally, Elnet's EV to EBITDA of 1.14 is also lower than the industry averages, reinforcing its fair valuation status. Despite recent underperformance with a year-to-date return of -16.06% compared to the Sensex's 4.63%, the long-term performance over five years shows a robust return of 271.37%, indicating potential for recovery.