Is Zee Entertainmen overvalued or undervalued?

As of 12 November 2025, Zee Entertainment's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as undervalued, supported by a PE ratio of 15.54, an EV to EBITDA of 7.97, and a PEG ratio of 0.38. These metrics suggest that the stock is trading at a lower valuation compared to its earnings growth potential.
In comparison to its peers, Zee Entertainment's PE ratio is higher than Sun TV Network, which stands at 12.98, but significantly lower than the risky valuations of Network18 Media and Sri Adhik. Bros. The company's dividend yield of 2.35% also adds to its appeal. Despite recent underperformance against the Sensex, with a year-to-date return of -14.79% compared to the Sensex's 8.10%, the current valuation metrics indicate that Zee Entertainment presents a buying opportunity for investors looking for value in the media and entertainment sector.