Is Veritaas Adver. overvalued or undervalued?

As of 28 August 2025, the valuation grade for Veritaas Adver. has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued. Key ratios include a PE ratio of 14.27, an EV to EBITDA of 6.37, and an ROE of 148.00%.
In comparison to its peers, Altius Telecom stands out with a much higher PE ratio of 55.85, while Embassy Office REIT has a PE of 22.58, both indicating that Veritaas Adver. is trading at a lower valuation despite its high ROE. The recent stock performance has been poor, with a year-to-date return of -38.59%, contrasting sharply with the Sensex's positive return of 3.62% over the same period, further reinforcing the overvaluation narrative.