Is Thomas Cook (I) overvalued or undervalued?

As of 14 November 2025, the valuation grade for Thomas Cook (I) has moved from attractive to fair. The company is currently fairly valued based on its financial ratios, which include a PE ratio of 30.11, an EV to EBITDA of 14.68, and a ROCE of 17.63%. In comparison to peers, Thomas Cook's PE ratio is lower than that of I R C T C, which stands at 42.31, and TBO Tek, which has a PE of 76.67, indicating that Thomas Cook is relatively more reasonably priced within its competitive landscape.
Despite its fair valuation, Thomas Cook has underperformed against the Sensex, showing a year-to-date decline of 21.25% compared to the Sensex's gain of 8.22%. This performance, combined with its current ratios, suggests that while the company is not undervalued, it may face challenges in regaining investor confidence in the near term.