Is Naturewings Hol. overvalued or undervalued?

As of 26 August 2025, the valuation grade for Naturewings Hol. has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its metrics. Key ratios include a PE ratio of 23.91, an EV to EBITDA of 15.11, and a ROCE of 25.42%.
In comparison to its peers, Naturewings Hol. has a PE ratio lower than that of I R C T C at 43.99 and TBO Tek at 69.28, both of which are considered very expensive. Additionally, the company’s PEG ratio stands at 0.00, which suggests no growth expectations priced into the stock. While Naturewings Hol. has underperformed the Sensex in the year-to-date period, with a return of -2.81% compared to the Sensex's 3.39%, its valuation remains stable relative to its peers in the travel industry.