Is One Mobikwik overvalued or undervalued?

As of 19 September 2025, One Mobikwik's valuation grade has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently assessed as overvalued, primarily due to its negative earnings and high price-to-book ratio of 3.80, alongside a troubling EV to EBIT ratio of -14.02. Additionally, the negative return on equity (ROE) of -20.27% raises concerns about its profitability and operational efficiency.
In comparison with its peers, One Mobikwik's valuation metrics starkly contrast with those of Bajaj Finance, which has a PE ratio of 35.51, and Life Insurance, which boasts a PE of 11.64. The PEG ratio for One Mobikwik stands at 0.00, further emphasizing its lack of growth relative to its price. While the stock has experienced a 28.48% increase over the past month, it remains down 49.92% year-to-date, significantly underperforming the Sensex, which has returned 5.74% in the same timeframe.