Is Smartworks Cowor overvalued or undervalued?

As of 29 August 2025, the valuation grade for Smartworks Cowor has moved from does not qualify to very expensive. The company is currently overvalued, with a PE ratio of -90.29, a price-to-book value of 49.18, and an EV to EBITDA ratio of 7.09. These ratios indicate significant discrepancies when compared to peers such as Altius Telecom, which has a PE ratio of 55.85 and an EV to EBITDA of 10.58, and Embassy Office REIT, with a PE of 22.94 and an EV to EBITDA of 20.85.
The negative PE ratio and high price-to-book value suggest that Smartworks Cowor is trading at an inflated price relative to its earnings and book value, reinforcing the conclusion of being overvalued. Additionally, the company's recent stock performance has outpaced the Sensex over the past week and month, with a return of 0.56% compared to the Sensex's -1.84% and -1.88%, respectively, but this does not mitigate the fundamental overvaluation reflected in its financial ratios.