Is V2 Retail overvalued or undervalued?

As of 28 May 2025, the valuation grade for V2 Retail has moved from very expensive to expensive, indicating a slight improvement in its perceived value. However, the company is still considered overvalued. Key ratios include a PE ratio of 87.86, an EV to EBITDA of 27.81, and a ROE of 20.80%.
In comparison with its peers, V2 Retail's PE ratio is lower than Avenue Super's 100.87 and Trent's 132.74, but it remains significantly higher than Medplus Health's 72.98, which is rated very attractive. Despite its strong stock performance over the past year, with a return of 227.55% compared to the Sensex's 7.62%, the high valuation ratios suggest that V2 Retail may not justify its current price level.