Is MOS Utility overvalued or undervalued?

As of 17 November 2025, the valuation grade for MOS Utility has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 49.66, an EV to EBITDA of 29.35, and a ROCE of 22.24%.
In comparison to its peers, MOS Utility's PE ratio is significantly lower than that of Lenskart Solutions, which stands at 253.31, and Poly Medicure, which has a PE of 54.51. This suggests that while MOS Utility is fairly valued, its peers are trading at much higher valuations. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -10.38% compared to the Sensex's 10.02%, reinforcing the notion that the stock may be undervalued relative to its potential.