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, especially when considering its PE ratio of -590.43 and an EV to EBITDA of 30.69. In comparison, its peer Jubilant Food has a PE ratio of 145.91, while Page Industries stands at 57.9, highlighting the relative attractiveness of Devyani's valuation metrics.
Despite the negative stock performance in recent periods, with a year-to-date decline of 18.52% compared to a 6.50% gain in the Sensex, the underlying ratios suggest that Devyani International presents a compelling investment opportunity. The company's price to book value is 1.17, and its EV to Capital Employed is 1.12, further supporting the notion that it is undervalued relative to its peers in the leisure services industry.