Is TCI Express overvalued or undervalued?

As of 17 June 2025, TCI Express has moved from a very attractive to an attractive valuation grade. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 34.93, an EV to EBITDA of 22.81, and a Price to Book Value of 3.92, which are relatively high compared to its peers.
In comparison to its industry peers, TCI Express's PE ratio is slightly higher than Container Corporation's 34.82 but lower than Aegis Logistics's 47.46, indicating a premium valuation. The EV to EBITDA ratio of 22.81 is also higher than Transport Corporation's 18.88, which is rated as fair. Notably, TCI Express has underperformed against the Sensex over the past year, with a return of -34.17% compared to the Sensex's 5.96%, reinforcing the perception of overvaluation.