Is Thyrocare Tech. overvalued or undervalued?

As of 3 July 2025, the valuation grade for Thyrocare Technologies has moved from expensive to very expensive, indicating a significant concern regarding its current pricing. The company is deemed overvalued based on its high PE ratio of 59.09, a Price to Book Value of 9.91, and an EV to EBITDA of 27.57. These ratios suggest that investors are paying a premium for the stock relative to its earnings and book value.
In comparison to its peers, Thyrocare's valuation appears excessive, especially when looking at Max Healthcare, which has a PE of 112.13, and Apollo Hospitals with a PE of 75.12. While Thyrocare's ROCE stands at a robust 35.59%, the high PEG ratio of 2.01 further emphasizes the overvaluation concern. Additionally, despite a strong one-year stock return of 59.53% compared to the Sensex's 4.07%, the elevated valuation metrics suggest that the stock may not sustain this growth, reinforcing the conclusion that Thyrocare Technologies is overvalued.