Is Suryoday Small overvalued or undervalued?

As of 17 October 2025, the valuation grade for Suryoday Small has moved from very expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 18.80, a price-to-book value of 0.77, and a PEG ratio of 0.00. In comparison to peers, HDFC Bank is considered expensive with a PE ratio of 22.22, while ICICI Bank is fairly valued at a PE of 20.98.
Suryoday Small's return on equity stands at 4.11%, and its net NPA to book value is notably high at 30.42%, which raises concerns about asset quality. Despite a recent decline in stock performance compared to the Sensex, with a one-week return of -6.15% against the Sensex's 1.76%, the company's valuation appears justified given its current ratios and peer comparisons.