Is Supertech EV overvalued or undervalued?

As of 1 October 2025, the valuation grade for Supertech EV has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 8.79, an EV to EBIT of 7.29, and an EV to EBITDA of 6.93, which, while seemingly reasonable, are overshadowed by the higher valuations of its peers.
In comparison, Bajaj Auto is rated attractive with a PE of 31.77, while Eicher Motors is classified as very expensive with a PE of 39.71. This stark contrast highlights Supertech EV's relative overvaluation in the current market. Additionally, the company's recent stock performance has lagged behind the Sensex, with a 1-month return of -14.63% compared to a positive 0.77% for the index, reinforcing the view that Supertech EV is overvalued at this time.