Is Globus Spirits overvalued or undervalued?

As of 26 September 2025, the valuation grade for Globus Spirits has moved from very attractive to attractive. The company appears to be overvalued based on its current metrics. Key ratios include a PE ratio of 120.32, an EV to EBITDA of 21.89, and a ROE of 2.35%.
In comparison to its peers, Varun Beverages has a PE ratio of 52.8 and an EV to EBITDA of 30.11, while United Spirits shows a PE of 60.15 and an EV to EBITDA of 42.31, both of which are significantly lower than Globus Spirits. Despite a strong historical performance, including a 259.94% return over the last five years compared to the Sensex's 115.11%, the current valuation suggests that Globus Spirits is overvalued in the context of its industry peers.