Is Wipro overvalued or undervalued?

As of 25 September 2025, Wipro's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered fairly valued. Key ratios include a PE ratio of 18.84, an EV to EBITDA of 12.26, and a PEG ratio of 0.93, which suggest that while Wipro is performing well, it is not significantly undervalued compared to its peers.
In comparison to its peers, TCS has a PE ratio of 21.74 and an EV to EBITDA of 15.3, while Infosys shows a PE of 22.62 and an EV to EBITDA of 14.85, indicating that Wipro is trading at a discount relative to these competitors. Notably, Wipro's dividend yield stands at 4.54%, which is attractive in the current market environment. Despite recent underperformance relative to the Sensex, with a year-to-date return of -19.88% compared to the Sensex's 3.87%, the company's solid fundamentals suggest it remains a viable investment option.