Is Sahara Maritime overvalued or undervalued?

As of 6 October 2025, Sahara Maritime's valuation grade has moved from risky to expensive, indicating a shift in perception regarding its market position. The company appears to be overvalued, given its current PE ratio of 13.42 and EV to EBITDA ratio of 13.56, which are relatively high compared to its peers. Notably, its ROCE stands at a mere 3.27%, and ROE is only 2.04%, suggesting inefficiencies in generating returns relative to its equity and capital employed.
In comparison to peers, Altius Telecom, which is rated as very attractive, has a significantly higher PE ratio of 54.74, while Embassy Office REIT is classified as very expensive with a PE ratio of 24.87. This stark contrast highlights Sahara Maritime's unfavorable position in the market. Additionally, the company's stock has underperformed against the Sensex, with a year-to-date return of -21.96% compared to the Sensex's 4.67%, reinforcing the notion that the stock may not be a favorable investment at its current valuation.