Is NMS Global overvalued or undervalued?

As of 24 October 2025, NMS Global's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 51.46, an EV to EBITDA ratio of 62.67, and a PEG ratio of 0.49. These ratios suggest that while the company has a high earnings multiple, it is not excessively overvalued compared to its growth prospects.
In comparison to its peers, NMS Global's PE ratio is significantly lower than Elitecon International, which stands at 358.65, and MMTC at 142.85, both categorized as very expensive. On the other hand, Optiemus Infra, also rated as fair, has a PE ratio of 80.22, indicating that NMS Global is relatively more attractive within its peer group. Notably, NMS Global has outperformed the Sensex in various time frames, including a year-to-date return of 52.55% compared to the Sensex's 7.77%, reinforcing its competitive position in the market.