Is Travels & Rent. overvalued or undervalued?

As of 23 September 2025, the valuation grade for Travels & Rent. has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial metrics, with a PE ratio of 13.57, an EV to EBITDA ratio of 8.22, and a ROCE of 16.03%.
In comparison to its peers, Travels & Rent. stands out with a PE ratio significantly lower than that of I R C T C at 44.32 and TBO Tek at 80.82, both categorized as very expensive. Despite the company's fair valuation, its recent stock performance has been disappointing, with a year-to-date return of -59.12%, contrasting sharply with the Sensex's gain of 5.07% during the same period. This suggests that while the company is fairly valued, investor sentiment may be weighing heavily on its stock price.