Is Jet Knitwears overvalued or undervalued?

As of 1 October 2025, the valuation grade for Jet Knitwears has moved from very expensive to expensive. The company is currently considered overvalued based on its high valuation ratios, including a PE ratio of 48.04, an EV to EBITDA of 27.89, and a Price to Book Value of 2.10. These figures suggest that the stock is priced significantly higher than its earnings and book value, indicating a premium that may not be justified.
When compared to its peers, Jet Knitwears stands out with a higher PE ratio than K P R Mill Ltd, which has a PE of 43.71, and significantly exceeds the ratios of Trident and Vardhman Textile, which have PE ratios of 33.1 and 13.96, respectively. This disparity reinforces the conclusion that Jet Knitwears is overvalued in its sector. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -0.91% compared to the Sensex's 5.04%, further supporting the notion that the stock may not be a sound investment at its current valuation.