Is Kitex Garments overvalued or undervalued?

As of 10 November 2025, the valuation grade for Kitex Garments has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 29.81, an EV to EBITDA of 25.47, and a PEG ratio of 0.39, which suggests that while growth expectations are low, the stock price remains high relative to earnings growth.
In comparison to peers, Kitex Garments has a higher PE ratio than Vardhman Textile, which is attractive at 15, and is also more expensive than Pearl Global Industries, which has a PE of 25.84. Despite a recent decline in stock performance, with a year-to-date return of -10.41% compared to the Sensex's 6.91%, the company's valuation metrics indicate that it may not be a favorable investment at this time.