Is Travels & Rent. overvalued or undervalued?

As of 18 July 2025, the valuation grade for Travels & Rent. has moved from expensive to very expensive, indicating a significant shift in its perceived market value. The company is currently considered overvalued. Key ratios include a PE ratio of 17.70, an EV to EBITDA of 8.06, and a ROE of 21.79%.
In comparison with peers, Travels & Rent. has a lower PE ratio than I R C T C, which stands at 47.89, and TBO Tek, with a PE of 70.03, both classified as very expensive. Notably, Thomas Cook (I) is marked as attractive with a PE of 32.58, suggesting that Travels & Rent. may not justify its current valuation relative to its peers. The company's stock has underperformed significantly, with a year-to-date return of -46.68%, contrasting sharply with the Sensex's gain of 4.63%, reinforcing the overvaluation narrative.