Is Saraswati Commer overvalued or undervalued?

As of 6 November 2025, the valuation grade for Saraswati Commer has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 54.08, an EV to EBIT ratio of 40.61, and a Price to Book Value of 1.37. When compared to peers, Bajaj Finance is categorized as very expensive with a PE ratio of 37.19, while Life Insurance is deemed very attractive with a PE ratio of 11.62.
Despite the recent shift in valuation, Saraswati Commer has underperformed in the short term, with a year-to-date return of -38.18% compared to the Sensex's 6.62%. This discrepancy highlights the market's cautious stance towards the stock, even as its valuation appears more reasonable relative to its peers.