Is NMS Global overvalued or undervalued?

As of 18 November 2025, NMS Global's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 31.21, an EV to EBITDA of 16.52, and a ROE of 50.98%.
In comparison to its peers, NMS Global's PE ratio is significantly lower than that of Elitecon International, which stands at 279.69, and MMTC, which has a PE of 137.89. This suggests that while NMS Global is fairly valued, it is not as overvalued as some of its peers. Additionally, NMS Global has outperformed the Sensex over various periods, with a year-to-date return of 47.25% compared to the Sensex's 8.36%, reinforcing its competitive position in the market.