Is Wipro overvalued or undervalued?

As of 7 October 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 18.97, an EV to EBITDA of 12.36, and a PEG ratio of 0.94, which suggest that while the company is performing well, it may not present as much upside potential as before.
In comparison to its peers, Wipro's PE ratio is lower than TCS at 21.85 and HCL Technologies at 22.96, indicating that Wipro may be undervalued relative to these competitors. However, its EV to EBITDA ratio is competitive, suggesting a solid operational performance. Notably, Wipro's recent stock performance has lagged behind the Sensex, with a year-to-date return of -19.34% compared to the Sensex's 4.85%, further reinforcing the notion that the stock may be undervalued in the current market context.