Is P. H. Capital overvalued or undervalued?

As of 14 November 2025, P. H. Capital's valuation grade has moved from attractive to very expensive, indicating a significant shift in its market perception. The company is currently overvalued, with a PE ratio of 36.58, an EV to EBIT of 8.05, and a Price to Book Value of 0.89. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Bajaj Finance has a PE ratio of 34.62 and an EV to EBITDA of 19.53, while Life Insurance shows a much lower PE of 11.25 and an EV to EBITDA of 9.29, highlighting that P. H. Capital is priced significantly higher than some competitors in the non-banking financial company sector. Furthermore, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -43.49% compared to the Sensex's positive return of 8.22%, reinforcing the notion that P. H. Capital may not justify its current valuation.