Is Kenvi Jewels overvalued or undervalued?

As of 1 October 2025, the valuation grade for Kenvi Jewels has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 34.38, an EV to EBITDA of 15.99, and a ROCE of 13.30%.
In comparison to its peers, Kenvi Jewels has a PE ratio that is lower than Titan Company, which stands at 81.35, but higher than PC Jeweller's 14.27, suggesting that while it is more expensive than some, it remains a better value proposition than others in the market. The PEG ratio of 1.80 further supports its undervaluation relative to peers like Kalyan Jewellers, which is deemed expensive with a PEG of 2.25. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -26.52% compared to the Sensex's 3.64%, the overall valuation metrics suggest that Kenvi Jewels presents a compelling investment opportunity.