Is Rama Vision overvalued or undervalued?

As of 7 November 2025, Rama Vision's valuation grade has moved from expensive to fair, indicating a reassessment of its market position. The company is currently fairly valued, with a PE ratio of 39.60, an EV to EBITDA of 17.68, and a ROE of 8.80%. In comparison to peers, Elitecon International is deemed very expensive with a PE ratio of 378.62, while Optiemus Infra is also rated fair with a PE of 77.43.
Despite the recent adjustment in valuation, Rama Vision has underperformed against the Sensex, with a year-to-date stock return of -19.21% compared to the Sensex's gain of 6.50%. This performance, coupled with its current ratios, suggests that while the company is fairly valued, it may face challenges in regaining investor confidence in the near term.