Is SPA CAPT SER overvalued or undervalued?

As of 14 November 2025, the valuation grade for SPA CAPT SER has moved from expensive to fair. The company is currently fairly valued based on its financial ratios, which include a PE ratio of 93.65, an EV to EBIT of 85.18, and a ROE of 3.85%. When compared to peers, Bajaj Finance is considered very expensive with a PE of 34.62, while Life Insurance stands out as very attractive with a PE of 11.25. In the context of market performance, SPA CAPT SER has shown a strong return of 132.75% over the past year, significantly outperforming the Sensex's return of 9.00%. This performance reinforces the notion that the company is fairly valued, especially given its competitive positioning within the Non Banking Financial Company (NBFC) sector.