Is Quest Flow overvalued or undervalued?

As of 6 November 2025, the valuation grade for Quest Flow has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios and peer comparisons. Quest Flow's PE ratio stands at 37.37, with an EV to EBITDA ratio of 20.18 and a Price to Book Value of 3.53, indicating a premium valuation relative to its earnings and asset base.
In comparison to its peers, Quest Flow's PE ratio is significantly higher than that of PTC India, which is very attractive with a PE of 7.83, and Optiemus Infra, which is fairly valued at a PE of 75.85. The company's recent stock performance has been poor, with a year-to-date return of -59.88%, contrasting sharply with the Sensex's positive return of 6.62% over the same period, further supporting the conclusion that Quest Flow is overvalued in the current market context.