Is Devine Impex overvalued or undervalued?

As of 18 November 2024, the valuation grade for Devine Impex has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. Key ratios include a PE ratio of 9.32, an EV to EBITDA of 9.31, and a Price to Book Value of 0.68, which are significantly lower than peers like Titan Company with a PE of 94.61 and Kalyan Jewellers at 81.3.
In comparison to its peers, Devine Impex's PEG ratio of 0.09 indicates a potential undervaluation relative to growth expectations, yet the overall valuation remains expensive. The company's recent stock performance has outpaced the Sensex over the past week and month, with returns of 7.47% and 5.16%, respectively, but its year-to-date performance shows a decline of 2.20% compared to the Sensex's 5.65% increase. This suggests that while there may be short-term gains, the long-term valuation remains concerning.