Is Haryana Leather overvalued or undervalued?

As of 4 November 2025, the valuation grade for Haryana Leather has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 17.64, an EV to EBITDA of 9.75, and a Price to Book Value of 0.88, which suggest that the stock is trading at a premium compared to its earnings and asset value.
In comparison to its peers, Haryana Leather's PE ratio is notably lower than Solar Industries at 97.69 and Gujarat Fluoroch at 64.64, both of which are also classified as very expensive. However, it is worth noting that Godrej Industries, classified as attractive, has a PE ratio of 36.97, highlighting a stark contrast in valuation. Additionally, Haryana Leather's recent stock performance has lagged behind the Sensex, with a year-to-date return of -10.79% compared to the Sensex's 6.81%, reinforcing the notion that it may be overvalued in the current market context.