Is Supertech EV overvalued or undervalued?

As of 24 October 2025, Supertech EV's valuation grade has moved from fair to expensive, indicating a shift in its market perception. The company appears to be overvalued at this time. Key ratios include a PE Ratio of 8.27, an EV to EBIT of 6.94, and a Price to Book Value of 3.05, which suggest that the stock may not justify its current price given its earnings and asset values.
In comparison to its peers, Supertech EV's PE Ratio is significantly lower than that of Bajaj Auto, which stands at 33.37, and Eicher Motors, which is at 38.77. This disparity highlights that Supertech EV is trading at a much lower valuation compared to its competitors, despite being categorized as expensive. Additionally, the company's recent stock performance has outpaced the Sensex over the past week, with a return of 3.5% compared to the Sensex's 0.31%, but this short-term gain does not alter the overall valuation outlook.