Is Vivid Global overvalued or undervalued?

As of 24 October 2025, Vivid Global's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its financial metrics. The company is currently fairly valued, with a PE ratio of 33.84, an EV to EBITDA of 11.66, and a Price to Book Value of 0.97. Compared to its peers, Vivid Global's valuation appears reasonable, especially when contrasted with Solar Industries, which has a PE ratio of 100.64, and Gujarat Fluoroch at 65.06, both categorized as very expensive.
In terms of performance, Vivid Global has faced significant challenges, with a year-to-date return of -20.05%, while the Sensex has gained 7.77% in the same period. This underperformance may suggest that the market has not fully recognized the fair valuation of Vivid Global, especially when considering its relatively low EV to Sales ratio of 0.34 compared to peers. Overall, while the company is currently fairly valued, its recent stock performance raises questions about investor sentiment and market perception.