Is PNB Housing overvalued or undervalued?

As of 7 November 2025, PNB Housing's valuation grade has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 10.89, a Price to Book Value of 0.13, and an EV to EBITDA of 7.66. Comparatively, HUDCO is classified as very expensive with a PE ratio of 16.55, while LIC Housing Finance stands out as very attractive with a PE of 5.69, indicating that PNB Housing is positioned more favorably within its peer group.
In terms of performance, PNB Housing has shown a year-to-date return of 2.08%, which lags behind the Sensex's return of 6.50%. However, over the past three years, the stock has significantly outperformed the Sensex, with a return of 151.92% compared to 36.01% for the index. This suggests that while the stock may be fairly valued now, its historical performance indicates potential for future growth.