Is One Mobikwik overvalued or undervalued?

As of 17 October 2025, the valuation grade for One Mobikwik has moved from risky to very expensive, indicating a significant deterioration in its perceived value. The company is currently overvalued, with a PE ratio of -17.19, an EV to EBITDA ratio of -13.92, and a ROE of -20.27%. These ratios reflect a troubling financial position, particularly with negative earnings and capital employed.
In comparison to its peers, One Mobikwik stands out unfavorably against companies like Bajaj Finance, which has a PE ratio of 38.21, and Life Insurance, which boasts a PE of 11.49. The stark contrast in these ratios suggests that One Mobikwik is not only overvalued but also struggling significantly compared to its competitors in the financial technology sector. Additionally, the company has underperformed the Sensex, with a year-to-date return of -54.43% compared to the Sensex's gain of 7.44%, further reinforcing the notion of overvaluation.