Is Niks Technology overvalued or undervalued?

As of 26 September 2025, Niks Technology's valuation grade has moved from fair to expensive, indicating a shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 21.69, an EV to EBITDA of 19.33, and a PEG ratio of 0.55, which suggests that while growth may be anticipated, the current price does not reflect an attractive entry point based on earnings growth expectations. In comparison to its peers, TCS has a PE ratio of 21.3 and an EV to EBITDA of 14.97, while Infosys shows a PE ratio of 22.07 with an EV to EBITDA of 14.47. These figures highlight that Niks Technology is trading at a premium relative to its more attractively valued peers. Additionally, while Niks Technology has shown a significant return of 141% over the past three years, its year-to-date performance of -6.47% contrasts with the Sensex's positive return of 2.93%, further reinforcing the notion that the stock may be overvalued at its current price of 482.00.