Is Jet Knitwears overvalued or undervalued?

As of 12 May 2025, the valuation grade for Jet Knitwears has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 48.46, an EV to EBITDA of 27.56, and a ROCE of 5.14%.
In comparison to its peers, Jet Knitwears has a higher PE ratio than K P R Mill Ltd, which stands at 47.51, and significantly exceeds Trident's PE of 42.6, which is categorized as fair. Despite its high valuation metrics, Jet Knitwears has shown a modest return of 0.55% over the past year, underperforming the Sensex's 7.81% return in the same period, reinforcing the view that the stock may be overvalued relative to its peers and market performance.