Is Niks Technology overvalued or undervalued?

As of 10 October 2025, Niks Technology's valuation grade has moved from risky to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued. Key ratios include a PE Ratio of 20.61, an EV to EBITDA of 18.25, and a PEG Ratio of 0.52. In comparison to peers, TCS has a PE Ratio of 21.79 and an EV to EBITDA of 15.38, while Infosys shows a PE Ratio of 23.07 and an EV to EBITDA of 15.16, both suggesting that Niks Technology is priced higher relative to its earnings potential. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -11.15% compared to the Sensex's gain of 5.58%, reinforcing the notion of overvaluation.