Is Devyani Intl. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Devyani International has moved from expensive to attractive, indicating a significant shift in its market perception. The company is currently assessed as undervalued, particularly given its PE ratio of -590.43, which is an outlier compared to peers, alongside an EV to EBITDA of 30.69 and a Price to Book Value of 1.17.
In comparison to its peers, Devyani International's valuation metrics stand out; for instance, Page Industries has a PE ratio of 57.9, and Jubilant Food has a PE of 145.91, both of which are considerably higher. Additionally, while Devyani's ROCE is a modest 0.89%, its ROE is negative at -0.20%, reflecting challenges in profitability. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -18.52% compared to the Sensex's 6.50%, further emphasizing its current undervaluation status.