Is The Hi-Tech Gear overvalued or undervalued?

As of 25 June 2025, The Hi-Tech Gear's valuation grade has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently assessed as undervalued, with a PE ratio of 33.24, an EV to EBITDA ratio of 11.10, and a PEG ratio of 0.00, suggesting that the stock is trading at a reasonable price relative to its earnings growth potential.
In comparison to its peers, The Hi-Tech Gear's PE ratio is higher than Samvardhana Motherson's 28.38 but significantly lower than Bosch's 46.58 and Uno Minda's 65.61, which are considered expensive. The company's recent stock performance has been underwhelming, with a year-to-date return of -10.64%, contrasting sharply with the Sensex's return of 5.91% during the same period. This divergence further supports the notion that The Hi-Tech Gear is undervalued relative to its peers and overall market performance.