Is Sahana Systems overvalued or undervalued?

As of 4 November 2025, Sahana Systems has moved from a fair to an expensive valuation grade. The company is currently overvalued, with a PE ratio of 29.33, a Price to Book Value of 5.91, and an EV to EBITDA of 18.03. In comparison to its peers, TCS has a more attractive PE ratio of 21.51, while Infosys stands at 21.68, both indicating that Sahana Systems is trading at a premium relative to these established competitors.
The company's PEG ratio of 0.38 suggests potential growth, but the high valuation metrics raise concerns about sustainability. Notably, Sahana Systems has underperformed the Sensex year-to-date, with a stock return of -29.86% compared to the Sensex's 8.26%, further reinforcing the notion that the current price may not be justified given its performance and relative valuation against peers.