Is Variman Global overvalued or undervalued?

As of 17 October 2025, Variman Global's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued based on its high PE ratio of 91.54, an EV to EBITDA ratio of 152.29, and a PEG ratio of 2.32. In comparison, its peers such as Bajaj Finance and Life Insurance have PE ratios of 38.21 and 11.49, respectively, highlighting Variman's substantial premium over its competitors.
The company's financial metrics further reinforce this overvaluation stance, with a negative ROCE of -2.07% and a low ROE of 1.33%. Additionally, Variman Global's recent stock performance has lagged behind the Sensex, particularly over the past year, where it has declined by 16.98% compared to the Sensex's modest gain of 3.64%. Overall, the data suggests that Variman Global is significantly overvalued in the current market environment.