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, with a PE ratio of 48.04, an EV to EBIT of 35.07, and an EV to EBITDA of 27.89. In comparison, peers such as K P R Mill Ltd, which has a PE ratio of 43.71, and Trident, with an EV to EBITDA of 15.75, highlight the relative overvaluation of Jet Knitwears.
Despite its strong historical performance, with a remarkable 420.29% return over the past five years, recent trends show a decline, with a year-to-date return of -0.91%, contrasting with the Sensex's gain of 5.04% in the same period. This suggests that the market may be reassessing the company's growth prospects, further supporting the conclusion that Jet Knitwears is overvalued at its current price of 109.00.