Is Supertech EV overvalued or undervalued?

As of 24 October 2025, the valuation grade for Supertech EV has moved from fair to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 8.27, while the EV to EBITDA ratio is 6.59 and the EV to EBIT ratio is 6.94. These figures suggest that Supertech EV is not priced attractively relative to its earnings and cash flows.
In comparison to its peers, Supertech EV's valuation appears high. For instance, Bajaj Auto, which is rated attractive, has a PE ratio of 33.37 and an EV to EBITDA of 23.33, while Hero MotoCorp, also attractive, shows a PE of 21.99 and an EV to EBITDA of 17.68. The significant disparity in these ratios indicates that Supertech EV may not justify its current price level. Additionally, the company's recent stock performance has outpaced the Sensex over the past week, returning 3.5% compared to the Sensex's 0.31%, but this does not mitigate the overall overvaluation concern.