Is Vijaya Diagnost. overvalued or undervalued?

As of 1 August 2022, the valuation grade for Vijaya Diagnostics has moved from expensive to very expensive. The company is currently considered overvalued based on its high valuation metrics. Key ratios include a PE ratio of 69.56, an EV to EBITDA of 36.94, and a PEG ratio of 3.63, all of which indicate a premium valuation compared to its peers.
In comparison, Apollo Hospitals Enterprise Ltd. has a PE ratio of 69.03 and an EV to EBITDA of 34.71, while Fortis Healthcare Ltd. shows a PE ratio of 68.71 and an EV to EBITDA of 37.55. These comparisons highlight that Vijaya Diagnostics is trading at a higher valuation than its peers in the healthcare services sector. Although the stock has outperformed the Sensex over the past year with a return of 19.95% compared to the Sensex's 7.55%, the overall valuation suggests that the stock is not a favorable investment at this time.