Is Vision Corpn. overvalued or undervalued?

As of 25 April 2023, the valuation grade for Vision Corpn. has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company appears to be undervalued, given its low PE ratio of 2.02 and a price-to-book value of 0.92, which are significantly lower than its peers. In comparison, Altius Telecom, a very attractive peer, has a PE ratio of 52.97, while Embassy Off.REIT is considered very expensive with a PE ratio of 23.06.
Despite the company's negative EV to EBIT and EV to EBITDA ratios of -8.99, which suggest challenges in profitability, its ROE stands at a remarkable 45.41%. This high return on equity, coupled with a PEG ratio of 0.00, further supports the notion that Vision Corpn. is undervalued relative to its growth potential. Additionally, the company's recent stock performance has outpaced the Sensex over the past week and month, reinforcing the valuation narrative.