Is United Leasing overvalued or undervalued?

As of 12 November 2025, the valuation grade for United Leasing has moved from risky to very expensive. The company is currently overvalued, as indicated by its exceptionally high PE ratio of 900.00, a Price to Book Value of 1.31, and an EV to EBIT of 13.53. In comparison to its peers, Bajaj Finance has a PE ratio of 34.41, while Life Insurance boasts a much lower PE of 11.14, highlighting the significant disparity in valuation metrics.
The company's return on equity (ROE) stands at a mere 0.15%, and its return on capital employed (ROCE) is only 3.07%, further supporting the overvaluation claim. Despite a strong 1-year stock return of 81.82%, which outperformed the Sensex's 7.36%, the current valuation does not align with the company's financial performance and industry standards.