Is Quest Flow overvalued or undervalued?

As of 17 October 2025, the valuation grade for Quest Flow has moved from very expensive to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 37.51, an EV to EBITDA of 20.25, and a ROE of 9.45%.
When compared to peers, Quest Flow's PE ratio is significantly higher than that of PTC India, which is very attractive at 7.81, and also higher than Lloyds Enterprises, which is very expensive at 31.18. Additionally, the company's recent stock performance has been poor, with a year-to-date return of -59.73%, contrasting sharply with the Sensex's positive return of 7.44% during the same period. This further reinforces the view that Quest Flow is overvalued in the current market environment.