Is Valiant Commun. overvalued or undervalued?

As of 7 July 2023, the valuation grade for Valiant Communications has moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company is currently overvalued, with a PE ratio of 53.27, a Price to Book Value of 8.32, and an EV to EBITDA ratio of 35.79. In comparison to its peers, Indus Towers has a PE ratio of 10.58, while Affle 3i shows a PE of 66.35, both highlighting the premium Valiant commands in its valuation.
Despite its strong ROCE of 25.91% and ROE of 15.61%, the high valuation ratios suggest that the market has priced in substantial growth expectations that may not be sustainable. Additionally, Valiant's recent stock performance has outpaced the Sensex, with a year-to-date return of 24.07% compared to the Sensex's 5.59%, reinforcing the notion of its overvaluation in the current market context.