Is SPA CAPT SER overvalued or undervalued?

As of 10 July 2025, the valuation grade for SPA CAPT SER has moved from fair to expensive, indicating a shift in perception regarding its market value. The company appears to be overvalued based on its current financial ratios, including a PE ratio of 47.73, an EV to EBIT ratio of 72.04, and a Price to Book Value of 2.83. These figures suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, SPA CAPT SER's valuation stands out unfavorably. For instance, Life Insurance operates at a PE ratio of 12.13 and an EV to EBITDA of 9.52, while Bajaj Finserv is valued at a PE of 36.72 and an EV to EBITDA of 13.53. Given these comparisons, SPA CAPT SER seems overvalued relative to its industry peers. Additionally, while the company has shown a strong one-year return of 73.19%, this performance is not enough to justify its current valuation levels when compared to the Sensex's modest 4.09% return over the same period.