Is Namo eWaste overvalued or undervalued?

As of 10 October 2025, the valuation grade for Namo eWaste has moved from expensive to fair, indicating a shift in perception regarding its market value. The company is currently fairly valued, with a PE ratio of 51.26, an EV to EBITDA ratio of 31.61, and a ROCE of 15.18%.
In comparison to its peers, Namo eWaste's PE ratio is lower than Altius Telecom, which has a PE of 54.93, but higher than Embassy Office REIT, which stands at 25.28. This suggests that while Namo eWaste is positioned fairly within its industry, it still faces pressure from competitors with lower valuations. Notably, the company's stock has outperformed the Sensex over the past week and month, returning 2.43% and 7.51%, respectively, despite a year-to-date decline of 9.86%.