Is One Mobikwik overvalued or undervalued?

As of 10 October 2025, the valuation grade for One Mobikwik has moved from risky to very expensive. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of -18.04, an EV to EBITDA ratio of -14.88, and a ROE of -20.27%.
In comparison to its peers, One Mobikwik's valuation stands out negatively; for instance, Bajaj Finance has a PE ratio of 36.56 and an EV to EBITDA of 19.67, while Life Insurance boasts a much more attractive PE of 11.65 and an EV to EBITDA of 9.08. The stark contrast in these ratios highlights One Mobikwik's overvaluation in the fintech space. Additionally, the company's stock has underperformed significantly against the Sensex, with a year-to-date return of -52.19% compared to the Sensex's 5.58%.