Is Amarnath Sec. overvalued or undervalued?

As of 4 November 2025, Amarnath Sec. has moved from a very attractive to an attractive valuation grade. The company appears to be undervalued, given its current PE ratio of 21.32, a price-to-book value of 0.90, and an EV to EBIT ratio of 4.74. In comparison to peers, Bajaj Finance is very expensive with a PE ratio of 37.67, while Life Insurance is very attractive with a PE ratio of 11.76, highlighting Amarnath Sec.'s relative valuation position.
Despite the company's recent stock performance lagging behind the Sensex, with a year-to-date return of -38.75% compared to the Sensex's 6.81%, the underlying financial ratios suggest potential for recovery. The PEG ratio stands at 0.00, indicating no growth expectations priced in, which further supports the argument for undervaluation. Overall, Amarnath Sec. presents an opportunity for investors looking for value in the NBFC sector.