Is Wipro overvalued or undervalued?

As of 24 September 2025, Wipro's valuation grade has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company is currently assessed as undervalued, with a PE ratio of 19.04, an EV to EBITDA of 12.42, and a PEG ratio of 0.94, which suggests that it is trading at a discount relative to its growth potential.
In comparison to its peers, TCS has a PE ratio of 22.29 and Infosys stands at 22.77, both indicating that Wipro's valuation is more favorable. Additionally, Wipro's return on capital employed (ROCE) is a robust 31.24%, further supporting its undervaluation narrative. Despite recent stock performance lagging behind the Sensex, particularly in the year-to-date return of -19.02% compared to the Sensex's 4.58%, the overall metrics suggest that Wipro presents a compelling investment opportunity at its current price of 244.55.