Is G M Breweries overvalued or undervalued?

As of 9 October 2025, G M Breweries has moved from fair to expensive in its valuation grade. The company is currently considered overvalued, with a PE ratio of 14.53, an EV to EBITDA of 14.78, and a Price to Book Value of 2.22. These ratios indicate that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, G M Breweries has a lower PE ratio than Varun Beverages, which stands at 52.9, and United Spirits, which has a PE of 61.98, both categorized as very expensive. Despite this, G M Breweries' valuation remains high relative to its own historical performance and the broader market. Notably, the company has outperformed the Sensex in various time frames, including a 24.92% return over the past week, reinforcing the perception of its current overvaluation.