Is Supertech EV overvalued or undervalued?

As of 17 November 2025, the valuation grade for Supertech EV has moved from expensive to fair. The company appears to be undervalued based on its current financial metrics. Key ratios include a PE ratio of 9.89, an EV to EBIT of 8.01, and an EV to EBITDA of 7.61, which are significantly lower than those of its peers. For instance, Bajaj Auto has a PE ratio of 30.03 and an EV to EBITDA of 22.51, while Eicher Motors is considered very expensive with a PE of 36.57.
In comparison to its peers, Supertech EV's valuation metrics suggest it is trading at a discount, particularly with a PEG ratio of 0.00, indicating no growth premium is being paid for its earnings. Recent stock performance has also been strong, with a 1-week return of 15.48% compared to the Sensex's 1.69%, reinforcing the notion that the stock may be undervalued in the current market.