Is Radiowalla overvalued or undervalued?

As of 19 September 2025, Radiowalla's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 42.29, an EV to EBITDA of 19.32, and a ROCE of 12.30%. In comparison to its peers, Altius Telecom stands out with a PE ratio of 54.74 and an EV to EBITDA of 10.48, while Embassy Office REIT is considered very expensive with a PE ratio of 23.82 and an EV to EBITDA of 21.37.
Despite the fair valuation, Radiowalla has faced significant stock price declines, with a year-to-date return of -47.37% compared to a 7.11% increase in the Sensex. This stark contrast suggests that while the company's valuation may be reasonable, market sentiment has not aligned, leading to a notable underperformance relative to broader market trends.