Onward Technologies Adjusts Valuation Amid Competitive Landscape in Software Sector

Onward Technologies, a microcap player in the Computers - Software & Consulting industry, has recently undergone a valuation adjustment. The company's current price stands at 310.05, reflecting a notable increase from the previous close of 295.10. Over the past year, Onward has faced challenges, with a stock return of -17.62%, contrasting with a 10.02% return from the Sensex.
Key financial metrics for Onward Technologies include a price-to-earnings (PE) ratio of 25.98 and an EV to EBITDA ratio of 15.91. The company also boasts a dividend yield of 1.60% and a return on capital employed (ROCE) of 13.51%. These figures position Onward favorably compared to its peers, with some competitors exhibiting higher PE ratios and varying EV to EBITDA metrics.

In comparison, companies like Silver Touch and InfoBeans Tech show stronger valuation metrics, with PE ratios of 43.43 and 23.02, respectively. Meanwhile, Blue Cloud Software stands out with a very attractive valuation, indicating a competitive landscape within the sector. Overall, Onward Technologies' recent evaluation revision highlights its current market position amid a diverse peer group.