Is Bhartiya Intl. overvalued or undervalued?

As of 7 November 2025, Bhartiya International's valuation grade has moved from fair to attractive, indicating a positive shift in its market perception. The company is currently considered undervalued, especially when examining its key ratios. The price-to-earnings (PE) ratio stands at 40.43, while the price-to-book value is notably low at 0.24, suggesting that the stock is trading at a significant discount relative to its book value. Additionally, the EV to EBITDA ratio is 44.52, which, while high, is reflective of the company's growth potential.
In comparison to its peers, Bhartiya International's valuation metrics reveal a competitive landscape. For instance, Lehar Footwears has a PE ratio of 27.62 and an EV to EBITDA of 15.02, indicating a more conservative valuation, while Superhouse Ltd boasts a very attractive rating with a PE of 56.59 and an EV to EBITDA of 9.63. Despite the high PE ratio, Bhartiya International's PEG ratio of 0.01 suggests that its growth prospects are not being fully recognized by the market. Furthermore, the company's recent stock performance has outpaced the Sensex, with a one-year return of 17.02% compared to the Sensex's 4.62%, reinforcing the narrative of its undervaluation.