Is QVC Exports overvalued or undervalued?

As of 16 September 2025, QVC Exports' valuation grade has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE Ratio of 6.32, an EV to EBITDA of 11.95, and a Price to Book Value of 0.69, which suggest that while the PE is relatively low, the overall valuation appears stretched compared to its peers.
In comparison to its industry peers, QVC Exports stands out with a significantly lower PE ratio than Indian Metals, which has a PE of 15.46, and Maithan Alloys, which is at 4.72 but is rated attractive. The company's recent stock performance has been underwhelming, with a year-to-date return of -22.63%, contrasting with the Sensex's gain of 6.74% during the same period. This further reinforces the notion that QVC Exports is currently overvalued in the market.