Is Sahara overvalued or undervalued?

As of 27 June 2025, the valuation grade for Sahara has moved from very expensive to expensive, indicating a slight improvement in its perceived value. Despite this change, the company appears to be overvalued based on its financial ratios. The PE ratio stands at 10.44, while the EV to EBITDA is also at 7.05, both of which are relatively low compared to peers like Altius Telecom, which has a PE ratio of 54.42 and an EV to EBITDA of 11.97, highlighting the disparity in valuation within the industry. In comparison to its peers, Sahara's Price to Book Value of 0.87 and ROCE of 4.51% further suggest that it is not positioned favorably. The company's recent performance has been poor, with a year-to-date return of -39.27%, significantly underperforming the Sensex, which has returned 7.58% in the same period. Overall, Sahara is considered overvalued in the current market context.