Is Goyal Salt overvalued or undervalued?

As of 5 September 2025, Goyal Salt's valuation grade has moved from very attractive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued, with a PE ratio of 23.19, an EV to EBITDA ratio of 27.27, and a Price to Book Value of 5.72. These figures suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Goyal Salt's PE ratio is notably lower than that of Hindustan Unilever at 58.11 and Nestle India at 77.49, both of which are also classified as very expensive. However, Goyal Salt's PEG ratio of 0.58 indicates potential growth relative to its valuation, which is more favorable than many competitors. Despite a recent outperformance against the Sensex over the past week and month, the overall trend shows a decline year-to-date, further reinforcing the notion that Goyal Salt is currently overvalued.