Is Namo eWaste overvalued or undervalued?

As of 13 October 2025, Namo eWaste's valuation grade has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued, with a PE ratio of 53.88, an EV to EBIT of 37.05, and an EV to EBITDA of 33.27. These ratios suggest that investors are paying a premium for the stock relative to its earnings and cash flow generation capabilities.
In comparison to its peers, Namo eWaste's valuation appears high, especially when looking at Altius Telecom, which has a PE ratio of 54.93 and an EV to EBITDA of 10.49, marking it as very attractive. Other peers like Embassy Office REIT and Mindspace Business also show lower valuations with PE ratios of 24.98 and 54.96, respectively, yet they are categorized as very expensive. Additionally, Namo eWaste's recent stock performance has outpaced the Sensex over the last week and month, but it has underperformed year-to-date, which reinforces the notion of it being overvalued in the current market context.