Is Niks Technology overvalued or undervalued?

As of 13 October 2025, Niks Technology's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 20.61, an EV to EBITDA ratio of 18.25, and a PEG ratio of 0.52, suggesting that it is trading at a reasonable price relative to its growth potential.
In comparison to its peers, Niks Technology's PE ratio is lower than that of TCS, which stands at 21.63, and Infosys at 22.75, both of which are rated attractive and fair, respectively. Additionally, Niks Technology's EV to EBITDA ratio of 18.25 aligns closely with its valuation grade, while competitors like HCL Technologies and Wipro show higher ratios of 23.88 and 19.08, respectively. Despite recent underperformance against the Sensex, with a year-to-date return of -11.15% compared to the Sensex's 5.36%, the company's valuation metrics suggest it is positioned well within its industry.