Is Kahan Packaging overvalued or undervalued?

As of 14 August 2025, Kahan Packaging's valuation grade has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a PE ratio of 14.81, an EV to EBITDA of 8.62, and a Price to Book Value of 1.90. These ratios suggest that the company's current price may not be justified by its earnings and asset values. In comparison to its peers, Kahan Packaging's PE ratio is lower than Garware Hi Tech's 19.8 but higher than Uflex's 13.65, while its EV to EBITDA is more favorable than Garware Hi Tech's 13.46 but less favorable than Uflex's 6.63. Notably, AGI Greenpac stands out with a very attractive valuation, boasting a PE of 17.24 and an EV to EBITDA of 9.94. The recent performance of Kahan Packaging has been underwhelming, with a year-to-date return of -29.03%, contrasting sharply with a 3.15% gain in the Sensex, further reinforcing the notion of overvaluation.