Is Panorama Studios overvalued or undervalued?

As of 17 November 2025, Panorama Studios' valuation grade has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a PE ratio of 32.29, an EV to EBIT of 24.63, and an EV to EBITDA of 22.53. These metrics suggest that the stock is trading at a premium compared to its earnings and cash flow generation capabilities.
In comparison to peers, Panorama Studios' valuation stands out against Prime Focus, which has a significantly higher PE ratio of 88.08, and PVR Inox, which, despite being loss-making, has a much lower EV to EBITDA of 9.97. The overall peer comparison shows that while Panorama Studios is expensive, other companies in the sector, such as City Pulse Multi and Media Matrix, are even more overvalued. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -13.77% compared to the Sensex's 8.72%, further reinforcing the notion of overvaluation.