Is G M Breweries overvalued or undervalued?

As of 27 October 2025, G M Breweries has moved from a valuation grade of very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 18.14, an EV to EBITDA of 18.63, and a Price to Book Value of 2.77.
In comparison to its peers, G M Breweries' PE ratio is significantly lower than Varun Beverages at 54.69 and United Spirits at 62.65, both of which are categorized as very expensive. Despite this, G M Breweries' valuation remains on the higher end within its category, indicating it may not offer an attractive investment opportunity at this time. The company's recent stock performance has outpaced the Sensex, with a year-to-date return of 40.19% compared to the Sensex's 8.50%, which may suggest strong market interest despite the overvaluation.