Is Lehar Footwears overvalued or undervalued?

As of 10 November 2025, the valuation grade for Lehar Footwears has moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 22.68, a Price to Book Value of 4.39, and an EV to EBITDA of 13.48. These ratios suggest that the stock is trading at a premium compared to its earnings and book value. In comparison to its peers, Lehar Footwears' PE ratio is notably lower than that of Bhartiya International, which stands at 39.46, and significantly higher than Superhouse Ltd, which has a PE of 56.22. The PEG ratio for Lehar is 0.08, indicating that despite the high valuation, growth expectations may not justify the price. Additionally, Lehar Footwears has outperformed the Sensex in recent periods, with a 1-year return of 17.64% compared to the Sensex's 5.09%, but this does not mitigate the concerns regarding its current overvaluation.